Forex: majors limited on holidays


FXstreet.com (Buenos Aires) – Major crosses are trading in very tight 10/20 pips range since London closing bell, as per US Labor day holiday. Dollar however, remains under pressure as most currencies consolidate around past Friday’s highs: EUR/USD remains limited to a 1.2860/80 range, while GBP/USD managed to recover the 1.5400 level, thus limited by 1.5420 resistance zone.

Australian dollar and Swiss Franc extended gains with AUD/USD moving in between 0.9160 and 0.9180, and USD/CHF holds barely 10 pips above daily low of 1.0110. Canadian dollar is the overall winner today, having reached 1.0340 area, while USD/JPY trades between 84.10 and 84.30 since mid European morning.

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