Dollar more mixed in European morning trade


Major currencies are not really finding much direction so far today, even as US futures are pointing lower for the time being.

There is a sense that investors aren’t less attached to the risk averse mood today after having witnessed a miracle yesterday.

Currently, EUR/USD is down 0.3% to 1.1293 but there are large expiries around 1.1300-10 that could keep price action more anchored today. Meanwhile, the franc is the laggard as USD/CHF is up 0.6% to 0.9190 – perhaps the SNB is seen stepping in.

USD/CAD and GBP/USD are mostly little changed while USD/JPY is up a touch to 114.05 at the moment.

The aussie is sitting higher with AUD/USD keeping away from its early January low of 0.7130 to 0.7150. Elsewhere, NZD/USD is keeping lower after the break below 0.6700 yesterday:




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