The Japanese yen still
remain as the weakest currency against other major currencies this week. The USD/JPY
now clime up to nearly 105, some analyst expect to up 110 in 2014. On the other
hand, dollar is starting to feel
some pressure against European majors as both EUR/USD and GBP/USD are trying to
strengthen with some momentum. The markets would continue to be thin ahead of
the weekend, considering that we'll have another holiday shortened week next
week. But in such thin trading conditions, we'd possibly see larger than usual
volatility. In particular, attention will be on 1.3810 and 1.6484 near term
resistance in EUR/USD and GBP/USD.
Outlook for US Dollars
Written By Savoeun on Thursday 26 December 2013 | 23:42
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment