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Currency Analyst since 2010

US dollar is under pressure

EUR/USD rose to 1.0926 on Monday. On Tuesday the euro is trading in the 0.8885 area. The single currency was supported by on renewed hopes that Greece will get bailout funding. The nation’s Prime Minister Alexis Tsipras reshuffled his team handling talks with the creditors diminishing the role of Finance Minister Yanis Varoufakis who has been taking a very aggressive position.

The US dollar is under pressure ahead of the release of American consumer confidence at 14:00 GMT. The Federal Reserve will announce its policy decision on Wednesday.

USD/JPY rose to 119.40 on Monday as Fitch downgraded Japan’s credit rating by one notch to A, but then returned to the 119.00 area.

AUD/USD is testing the 100-day MA at 0.7890. The Reserve Bank of Australia’s Governor Stevens declined to comment about monetary policy.

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