Is JPY Idle? British Pound To US Dollar (GBPUSD) And EUR/USD Have Decreased. "Risk-aversion lifts (USD) US dollar in Asia"

[FXMAG]

China concerns boost the US dollar

The US dollar booked some modest gains post-Non-Farm Payrolls on Friday, but the dollar index resistance zone at 104.00 held once again. The dollar index finished 0.11% higher at 103.66 having traded in a wide range intra-day. The risk aversion China slowdown price action seen in equities has spilt into currency markets today, lifting the US dollar after US 10-year yields closed comfortably above 3.0% on Friday. The dollar index has risen 0.34% to 104.00 and is, once again, making a determined test of resistance here. Support at 102.50 remains intact. A close above 104.00 will signal rapid gains to 105.00 and in the bigger picture, the technical picture still says a multi-month rally to above 120.00 is possible.


https://www.fxmag.com/forex/is-jpy-idle-british-pound-to-us-dollar-...