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Dollar keeps steady after yesterday's rebound

And after all the anticipation and action yesterday, we're pretty much back to the drawing board again. The dollar weakened initially after the US CPI report but rebounded strongly and continues to sit in a good spot. USD/JPY in particular is one to note as it is coming close to run up against key resistance at the 145.00 mark:The fact that Treasury yields continue to rise as the bond market pukes, continues to underpin the pair and so far we haven't seen too much verbal intervention from Japane... Read More

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Dollar

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Posted: Aug 11 2023, 04:41

Author Name: forexlive

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