USD slipping a little across the major bloc, leaving things mostly unchanged on the day
The dollar drops a little after posting gains early in the European trading session earlier. Here was the snapshot just about three hours earlier:
The aussie still tops the major bloc following a beat in retail sales data in the Asian session trading. While the kiwi now has edged higher against the dollar as well, leeching off gains from the aussie.
Meanwhile, the euro is mostly unchanged on the day against the dollar after falling to lows of 1.1929 earlier. Currently the pair is at 1.1946.
The loonie was one of the poorer performers earlier on as USD/CAD managed to touch 1.2590 earlier in the session. But the pair encountered some strong resistance nearby:
On the daily chart, we see that there's the 100-day MA and 38.2 retracement level sitting there, which is a level buyers need to break through. USD/CAD has made great strides in the last few days, after bottoming out following last Friday's stellar Canadian jobs report.
The Japanese yen is the laggard on the day, as it retraces some of its gains posted during the last two days following the BOJ announcement to "taper" bond purchases.