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A steady start for the Dollar

USD
  • A steady session for the Dollar overnight overall, although showing in the red, the Greenback is mostly in the green against G10s over the last 5 days.
  • Only the AUD and the JPY are up for that period, up 0.39% and 0.19% respectively.
  • Nonetheless looking at the bigger picture, AUDUSD made a fresh 2023 low last week at 0.6270, and has found some resistance just ahead of 0.6368, Friday's high, failed at 0.6365 so far today, following the Australian Retail sales beat overnight.
  • Market participants will look at the 0.6400 area next, followed by 0.6445, the upper end of the October range, traded in a 0.6270/0.6445 range throughout October.
  • Similar for the Yen, despites showing gains of 0.19% over the last 5 days, USDJPY remains close to the 150.00 level.

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