The US dollar (USD) maintains a soft tone although the movement in the main currencies is limited in general, since the DXY proves the minimum of 103.2 last week. Asian and European actions are firmer while future US actions are a bit weaker when writing. The bonds are mostly soft, but the treasure bonds are overcoming marginally, says Shaun Osborne, head of Strategy of FX of Scotiabank.
The USD maintains a soft tone before the FOMC decision
“He has been a bit quiet in the front of rates during the last day more or less, but the incessant noise of commercial threats seems to be leaving a mark on the feeling of the USD, with perception perhaps that the US is a less attractable or friendly place to do business these days, that the value of the US brand has been undermined by the position of the US that US actions have become very expensive at a time when yields, returns and perspectives are improving in Europe and Japan.
“Technically, the DXY looks weak and prone to more losses. The key support is the 103.2 point mentioned above – the minimum of last week and the possible activation point for a small double -ceiling pattern that has been developed in the intradic graphic during the consolidation of last week. A clear push below 103.2 points to a measure measured to 102.35, but I still believe that this movement is still It could extend to the 100/102 range in the coming weeks. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
