Investing.com- The U.S. dollar was mixed against its rivals in Tuesday’s Asian session following reports that lawmakers were closing in on a deal to avert the fiscal cliff.
In Asian trading Tuesday, EUR/USD was higher by 0.06% at 1.3173. The pair was likely to find support at 1.3078, Friday’s low. Trading near a multi-week high, resistance is likely found at 1.3251, a high from April 21.
During Tuesday’s U.S. session EUR/USD hit a low of 1.3156 and a high of 1.3177. The euro was off its recent gains against the dollar, but was still up significantly from last week. Last Wednesday, the Federal Reserve stated that it would keep interest rates near 0% until unemployment dropped to 6.5%. That decision lead to significant weakness in the dollar, particularly against the euro.
Elsewhere, the GBP/USD was up 0.025% to 1.6206. The pair would likely find support near 1.6162, a level hit Monday, and resistance at 1.6231, a high hit September 26.
Meanwhile, the USD/CHF rallied 0.02% to 0.9177. The pair has been steadily moving lower since it reached a high of 0.9880 July 14.
The USD/JPY was up 0.09% to 83.96, continuing a multi-session run that began in late September.On Monday, Shinzo Abe secured Japan’s prime minister role. As part of his campaign, Abe promoted more aggressive monetary expansion from the Bank of Japan.
The USD/CAD dropped 0.01% to 0.9834, continuing a downward trend that began November 13. Resistance can be found at the high hit that day at 1.0039.
Likewise, the NZD/USD fell 0.08% to 0.8443, while the AUD/USD rallied 0.04% to 1.0545. The Australian dollar has been steadily gaining against its American counterpart since October 6. At the same time, the New Zealand dollar has followed much the same pattern.
A positive CB leading Index report out of Australia on Tuesday supported the Aussie dollar.
Overall, in Asian trading on Tuesday, the dollar is looking slightly weaker, with the U.S. dollar index dropping 0.03% to 79.60.
In Asian trading Tuesday, EUR/USD was higher by 0.06% at 1.3173. The pair was likely to find support at 1.3078, Friday’s low. Trading near a multi-week high, resistance is likely found at 1.3251, a high from April 21.
During Tuesday’s U.S. session EUR/USD hit a low of 1.3156 and a high of 1.3177. The euro was off its recent gains against the dollar, but was still up significantly from last week. Last Wednesday, the Federal Reserve stated that it would keep interest rates near 0% until unemployment dropped to 6.5%. That decision lead to significant weakness in the dollar, particularly against the euro.
Elsewhere, the GBP/USD was up 0.025% to 1.6206. The pair would likely find support near 1.6162, a level hit Monday, and resistance at 1.6231, a high hit September 26.
Meanwhile, the USD/CHF rallied 0.02% to 0.9177. The pair has been steadily moving lower since it reached a high of 0.9880 July 14.
The USD/JPY was up 0.09% to 83.96, continuing a multi-session run that began in late September.On Monday, Shinzo Abe secured Japan’s prime minister role. As part of his campaign, Abe promoted more aggressive monetary expansion from the Bank of Japan.
The USD/CAD dropped 0.01% to 0.9834, continuing a downward trend that began November 13. Resistance can be found at the high hit that day at 1.0039.
Likewise, the NZD/USD fell 0.08% to 0.8443, while the AUD/USD rallied 0.04% to 1.0545. The Australian dollar has been steadily gaining against its American counterpart since October 6. At the same time, the New Zealand dollar has followed much the same pattern.
A positive CB leading Index report out of Australia on Tuesday supported the Aussie dollar.
Overall, in Asian trading on Tuesday, the dollar is looking slightly weaker, with the U.S. dollar index dropping 0.03% to 79.60.