Dynamics

The main currency pairs traded in ranges, but up to the day the U.S. dollar could strengthen a bit. When the pair EUR /USD fell to a mark 1.4270, the pair GBP /USD again came to the area of 1.6400, and the pair USD /CHF is trading slightly above 1.0600.

Japanese yen was also able to return the position against other currencies. When the pair USD /JPY fell to 94.00, and the pair EUR /JPY was again below the 135.00.

Commodity currencies have adjusted slightly against the U.S. dollar. Thus, the pair AUD /USD back to a mark 0.8350, the pair NZD /USD was around 0.6835, and the pair USD /CAD is trading near 1.0770.

Causes

On the background of a lack of new macroeconomic data, the basic tone of the bidding once again asked the stock indexes, which have lost some positions at the New York session. This prompted investors out of risky trades, which provided support for the dollar and the Japanese yen.

What to expect?

Today, the situation is likely to be developed on already familiar scenario, when the currency markets follow the stock, and higher-yielding currencies such as euro, rising in the case of growth of stock indices and exchange-seekers, such as the dollar and the yen, stronger in the case of falling stocks.

some direction trading today able to give the expected data from the U.S. index of consumer confidence and business activity FRB Richmond. Favorable indicators can improve investment sentiment, helping the stock indices to resume growth and put pressure on the dollar.

Why worry?

Any unexpected news could trigger a new burst of volatility, which currently remains one of the principal risks.

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