ND: USD strength to resume after this bout of consolidation
FXstreet.com (Córdoba) - The dollar is softer against most major and emerging market currencies, but remains in very narrow ranges, according to the BBH team.
"The euro is flat against the dollar, trading on both sides of $1.22, while sterling is back to 1.5450 after briefly falling under 1.5400 for the first time since early June", they say. "Our bias is still for dollar strength to resume after this bout of consolidation".
Meanwhile, the Australian dollar is outperforming on the day, "perhaps helped by China data that was mixed but not disastrous", BBH adds.
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