USD trading is still weak making the Sterling stronger

Published on in Foreign Exchange News by

Foreign Exchange Rates Ranges EUR/USD 1.3229-1.3264

Foreign Exchange Rates Ranges GBP/USD 1.6268-1.6296

Foreign Exchange Rates Ranges GBP/EUR 1.2277-1.2299

With stock markets holding onto their gains over the last few weeks despite the weaker U.S. GDP data on Friday, the USD is trading still to the weaker side. The main beneficiary over the last week has been Sterling.

Market sentiment appears mixed but the majority still prefer to sell Euro rallies, this view having worked perfectly well on GBP/EUR, now opening just below the € 1.2300 level.

This Friday, we have the U.S. non-farm payroll data which will be closely monitored. With higher stocks, commodity based currencies have also strengthened during the last few trading sessions.

Foreign Exchange Rates EUR/USD currently 1.3231. Support 1.3000, resistance 1.3300.

Foreign Exchange Rates GBP/USD currently 1.6286. Support 1.6000, resistance 1.6300.

Foreign Exchange Rates GBP/EUR currently 1.2905. Support 1.2100, resistance 1.2400.

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