- The euro (EUR) tested support twice over the past 24 hours at 1.3725 against the US dollar (USD). The single currency is tested throughout the morning as Services PMI data is released by country throughout the Eurozone.
The US dollar (USD) lost momentum against the Japanese yen (JPY) after finding resistance at 102.26. The greenback may come under pressure today as ADP Non-Farm payrolls expectations are released this afternoon as unemployment remains a key factor affecting Federal Reserve policy.
The US 500 (SPI) continues its bullish run as the US economy experiences strong momentum. The index, tracking some of the world’s largest companies, has touched 1874.60 in early trading.