Forex Today: US Dollar remains firm on the back of higher US Treasury yields – by MSalordFX DollarIndex Currencies Majors
finished flat after recovering during the American session. The pair bottomed at 1.2616, matching the 100-day Simple Moving Average , and rebounded toward 1.2700. The UK will report employment data for the three months ended in June. On Wednesday, more data is due with the inflation report.rose for the sixth consecutive day and posted the highest daily close since November, near 145.50. Japan will release Q2 Gross Domestic Product data on Tuesday, as well as Industrial Production.
Manufacturing and wholesale sales will give new insight towards Q2 GDP tracking, while housing starts and existing home sales for July round out the domestic data calendar.fell for the fifth consecutive day but ended off its lows. The pair found support at the 0.6450 area and climbed back to 0.6500. Antipodean currencies are being affected by the decline in commodity prices and a cautious tone across financial markets.
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