Dollar Pairs Hold Steady amid Stagnant Major Currencies, Yen Shows Slight Activity
Friday, 1 March 2024, 08:31
Stagnant Major Currencies
The Japanese yen remains the only decent mover so far today. And even then, USD/JPY is just settling back into its range over the last two weeks.
Dollar Pairs Tight Bound
EUR/USD is sitting up just 0.1% to 1.0816 in a less than 20 pips range. Large option expiries seen at 1.0800 and 1.0865 on the day are crucial.
The commodity currencies like USD/CAD and AUD/USD maintain their positions, while NZD/USD experiences volatility post-RBNZ meeting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.