Dollar steady in Asia, near major support levels

Dollar steady in Asia, near major support levels
 

There was an early wobble against the yen which saw the dollar quoted as low as 98.17 at one stage, but it quickly recovered to 98.72.
It was also steady on the euro at $1.3381, almost exactly where it stood late Friday in New York. There are layers of chart resistance from $1.3400 up to last week's peak at $1.3452, while support lies between $1.3335 and $1.3370.
The euro has been steadily gaining ground on the dollar for over seven weeks but is now nearing the top of a trading range that has lasted since late 2011, and will be tough to crack.
Much the same was true for sterling and the... read more

 
26 August 2013 in Business, Views: 22
Source: Reuters
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