Dollar holds steady on the day, leads the major bloc
The price action so far feels that of a NFP day, but we're one day too early!
Anyway, before European markets get going we're seeing that the dollar is holding firm but then trading ranges have been more or less subdued.
Stocks are inching higher, same as yields, and that's helping to push USD/JPY higher on the day. Meanwhile, the aussie is suffering a bit after some poor data but more importantly, as technical levels start to side more with sellers.
Here are the ranges we have so far today for the major pairs:
- EUR/USD - 30 pips
- USD/JPY - 44 pips
- GBP/USD - 50 pips
- USD/CHF - 29 pips
- USD/CAD - 26 pips
- AUD/USD - 44 pips
- NZD/USD - 67 pips
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