Forex Flash: USD could face renewed selling pressure – Wells Fargo
Forex pairs in this Article »
EUR/USD
FXstreet.com (San Francisco) - As The US dollar is mixed against the majors, and Japanese yen is down against its major counterparts.
In a daily research note, Vassili Serebriakov, Currency Strategist, Wells Fargo Bank comments: "Overall, most currencies continue to trade within their recent ranges and we see few immediate catalysts for strong directional FX moves.
Serebriakov adds: "At the same time, if the more constructive tone of global economic news is maintained going forward, the US dollar could face renewed selling pressure against most foreign currencies."
EURUSD now exchanges 1.2950.
In a daily research note, Vassili Serebriakov, Currency Strategist, Wells Fargo Bank comments: "Overall, most currencies continue to trade within their recent ranges and we see few immediate catalysts for strong directional FX moves.
Serebriakov adds: "At the same time, if the more constructive tone of global economic news is maintained going forward, the US dollar could face renewed selling pressure against most foreign currencies."
EURUSD now exchanges 1.2950.
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