Some slight moves in the market but nothing that stands out all too much
The dollar is a little softer in European morning trade but not really being pushed to the brink with EUR/USD testing waters just above its 100-day moving average @ 1.2052 but not really securing a firm breakout just yet.
USD/JPY remains tepid around 107.85-00 while GBP/USD holds a slight bounce to around 1.3870-90 but price remains trapped in between its key hourly moving averages.
USD/CAD has trimmed its earlier drop from 1.2470 to 1.2490 levels as the pair is still finding it tough to break through the daily support region at 1.2476-00.
Meanwhile, AUD/USD is holding a bounce off 0.7700 but upside is also more limited near its 100-hour moving average close to 0.7745 currently.
Elsewhere, US futures are holding a slight bounce of around 0.2% after yesterday’s declines but there still seems to be some sense of trepidation ahead of US trading.