US Greenback (USD) traded combined as markets await catalysts this week – JOLTS job openings (Tuesday); ADP employment, 2Q GDP (Wednesday); FOMC, core PCE (Thursday); NFP (Friday) whereas anticipating extra commerce offers/particulars forward of 1 Aug tariff deadline. DXY was final at 98.20 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong word.
2-way trades doubtless for now
“A cope with EU was introduced over the weekend whereas talks with China in Stockholm are scheduled for at this time and tomorrow – prone to tackle the attainable extension of the August 12 expiration date or present additional particulars. Within the UK, some info on the commerce settlement with US could also be launched at this time as negotiators proceed their discussions.”
“Every day momentum and RSI indicators are flat. 2-way trades doubtless for now. Resistance right here at 97.60 (21 DMA), 98.30 (50 DMA), 99.60 ranges (23.6% fibo retracement of 2025 excessive to low). Assist at 97, 96.40 ranges.”
