May 26: American session
Tatiana Norkina, analyst at FBS
The U.S. dollar is showing signs of weakness due to the absence of major market participants from the U.S. and the UK who are celebrating national holidays. The dollar index has fallen by 0.15%, while stock indexes are showing a positive trend, adding about 0.38%.
Against this background, the EUR/USD pair has compensated for its Friday's fall, returning to the 1.3650 level. The GBP/USD currency pair keeps trading below the 1.6850 resistance. The dollar is weakening against the franc as well: USD/CHF has decresed to the 0.8940 area, correcting after a three-weeks growth. The rate of USD/JPY has also tumbled, to the 101.80 support area. However, the short-term trend gives hope for further growth.