186
Currency Analyst since 2010

August 1: Asian session

 

US dollar remains near the recent highs versus the major currencies ahead of a closely watched jobs report (NFP) that has the potential to make or break a rally that saw the greenback post its best monthly performance in over a year. Asian stocks declined following the American markets on concerns about weaker earnings.

USD/JPY edged up and is trading just below 103.00. AUD/USD is trading on the downside in the $0.9290 area after it spiked to $0.9315 earlier during the Asian session. Aussie initially rose after an official China’s manufacturing PMI came at the highest level in more than 2 years, but then fell after an index from HSBC turned out to have a lower final reading than the preliminary one. NZD/USD is trading in the $0.8510/$0.8490 area.

GBP/USD keeps testing the support of the 100-day MA at $1.6865. EUR/USD is on the downside in the $1.3380 area.

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