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Saturday, June 19, 2021

Dollar back to little changed on the day now

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All awaiting the US PCE data later today

The market moves so far today have been tentative at best. While the dollar has pared most of its advance against some major currencies, it is still holding slight gains against commodity currencies at the moment – though nothing too significant.

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Besides that, EUR/USD is sticking around 1.2190-00 currently with GBP/USD also hovering just below the pivotal 1.4200 level with large expiries one to note for both pairs.

With Monday being a holiday in London and US, we could see some positioning plays come into action – not to forget month-end trading as well.

All of that put together could make for a more messy and tricky end to the week.

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