- The euro (EUR) consolidates between the levels of 1.3850 and 1.3897 against the US dollar (USD). The single currency made a rally the last few days advancing more than 200 pips from the beginning of the month and is now trading around 1.3865.
The US dollar (USD) rose from its low at 102.82 up to 103.42 against the Japanese yen (JPY) during yesterday’s session. Lower Chinese exports helped the yen to appreciate but the bullish momentum for the pair remains, as the Bank of Japan (BoJ) maintain its easing plan.
The US 500 (SPI) advanced from its low at 1865 up to 1878 yesterday. The index, tracking some of the world’s largest companies, is trading near its resistance at 1878.