RTTN:Dollar Reverses Asian Session Uptrend Against Majors
(RTTNews) - The US dollar that strengthened against its major rivals in the Asian session pared gains in early deals Wednesday.
The greenback is presently testing yesterday's lows against the yen and is hovering in the 76.85-82 level. If the dollar-yen pair weakens further, it may find target around the 76.50 level.
The dollar that jumped to an 8-month high of 1.5709 against the pound in Asian deals pulled back to as low as 1.5786 around 6:00 am ET. On the downside, the greenback may find target around the 1.58 level.
The greenback also eased to 0.8790 against the Swiss franc and 1.37 against the euro from Asian session's highs of 0.8856 and 1.3593, respectively. The next likely support levels for the buck are seen at 1.3740 against the common currency and 0.8760 against the alpine unit.
