Recovery of positions on Friday USD. Further news influences the direction.

USD has maintained stability

 

Stability was obtained after a positive result of US labor statistics. Investors are waiting for news that could be a trigger for the resumption of the dollar.

The dollar stabilized to the yen at 110.78 after rising to 111.05 on Friday.
The probability of an increase in the rate remains. Nevertheless, we should expect economic news, which can extend the growth of USD.
On Thursday, the US producer price index for July will be published, and on Friday – the consumer price index.

The dollar index to the basket of major currencies fell to 93.23 after a rise on Friday – 93.63.
Published on Friday, employment data indicated a stronger than expected increase in the number of jobs in July and coincided with the forecasts of an increase in wages.

The euro rose to 1.1806 after a decline on Friday.
Support for EUR/USD is the minimum of Friday – 1.1727
Resistance – 1.1880

 

Created by Joshua Hayn

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