24 August 2001, 18:46 US FX Daily Outlook: Dollar up on pre-weekend short covering
By Cornelius Luca
New York, Aug. 24 (BridgeNews) - The dollar opened the U.S. session in
positive territory versus its major counterparts as traders have adjusted
positions ahead of the weekend and the release of the U.S. July durable
goods orders. The greenback will likely remain range-bound following a
choppy trading week.
The dollar reversed Thursday's losses versus the euro, yen, Swiss
franc and Canadian dollar, but remained largely within recent ranges.
Sterling/dollar declined to a one-week low of 1.4413.
The European currencies remain overbought against the dollar, while
the key levels for dollar/yen continue to border at 119.65 and 121.05.
Current Previous Change Global Global
NY open NY close low high
USD/JPY 120.25 119.86 0.39 119.55 120.37
EUR/USD 0.9108 0.9150 -0.0042 0.9096 0.9167
EUR/JPY 109.53 109.68 -0.15 109.31 109.75
GBP/USD 1.4426 1.4468 -0.0042 1.4413 1.4480
USD/CHF 1.6680 1.6613 0.0067 1.6571 1.6698
USD/CAD 1.5417 1.5396 0.0021 1.5398 1.5420
AUD/USD 0.5300 0.5340 -0.004 0.5294 0.5357
NZD/USD 0.4376 0.4410 -0.0034 0.4379 0.4425
SP.1 1169.40 5.90 1165.00 1172.70
ND.1 1527.50 25.50 1515.50 1540.00
© 1999-2024 Forex EuroClub
All rights reserved