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* Swiss franc up on safe-haven bid on Middle East tension * Dollar under pressure as geopolitical concerns weigh * U.S. inflation, jobless claims data higher than expected * Spain sells debt, but banking …
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FOREX-Swiss franc reigns on safety, dollar down broadly
The better/great Philly Fed index (highest since Jan 2004) is not really impressing the dollar. The EURUSD sold off but has rebounded back higher toward the high. The USDJPY rallied but is back down and making new lows.
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Dollar not impressed with better data
On Wednesday Dollar/Yen traded again within a narrow 50 pip range, not exactly matching the negative Interbank sentiment at bellow -35%.
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Technical Analysis Daily: USD/JPY
LONDON, Feb 17 (Reuters) – The euro hit a session lowagainst the dollar on Thursday after the single currency wasunable to hold onto gains made earlier after hefty bids in thecurrency were filled. The …
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Euro reverses gains vs dollar, hits session low
The euro is little changed against the dollar after U.S. data showed signs of accelerating inflation pressures in the world’s biggest economy.
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Euro little changed at $1.3572
From a purely technical perspective, the dollar has hovered on the verge of a meaningful bullish breakout since the week began. However, potential is just that until there is a catalyst that converts a scenario into progress and further feeds the move with fundamental support.
More:
Forex: Dollar Disappointed by a Restrained FOMC Minutes but the Hawkish Turn is Just on the Horizon
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