The US dollar rises against majors during Asian session

By @ibtimes on

The greenback rose versus its major counterparts during today's Asian session, as the anticipations noted that the U.S.'s inflation rates to increase this period. On the other hand, the forecasts indicated also that investors' confidence to improve during the month, pushing investors to prefer to buy the dollar.

The euro/dollar pair started today's Asian session with a decline, where the pair now trades around the 1.3564 level, after recording a high of 1.3619 and a low of 1.3560. The pair faces a support at 1.3510, which limits the pair's downside movement. The daily momentum indicators give selling signs, while four hours momentum indicators show the pair in an oversold area.

The pound retreated against the dollar during the Asian session, where the pair now trades around the 1.6066 level, after recording the highest at 1.6111 and the lowest at 1.6063. The pair faces a support at 1.6000. The daily and four hours momentum indicators show the pair near of the oversold area, which limits the chances of an incline.

The dollar/yen pair rose today, where it trades around the 83.34 level, recording a high of 83.37 and a low of 82.23. The daily and four hours momentum indicators show the pair in an overbought area, pushing the pair to decline.

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