-
While the Greenback has Tended to be Sold in Asia this Week, it has Recovered in North America
Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies. Leaving aside the Norwegian krone, the others in a +/- 0.15% against the dollar today. We note that the technical tone of the euro and sterling have improved withe the five-day moving averages crossing above the 20-day moving averages. On the other hand, the dollar is approaching the year's low set last week near JPY150.90. Emerging market currencies are mostly lower, On the week, emerging market currencies are mixed, though central European currencies are generally fared best. Still, the JP Morgan Emerging Market Currency ... (full story)