Session Recap: USD steady but vulnerable
FXstreet.com (Córdoba) – FX markets saw low market liquidity and tight ranges on Monday as UK takes a bank holiday break.
The USD was virtually unchanged against the euro, pound and yen in European hours, with EUR/USD stable just below 1.3400 and GBP/USD below 1.5600. USD/JPY reversed intraday losses and is also flat on the day, trading around 98.60.
However, the USD remains vulnerable after disappointing housing data raised some uncertainty about Fed’s tapering its bond-buying program later this year. The dollar can drop further if Durable Goods Orders, due out later in the day, came in weaker-than-expected, although some …read more