Forex Top Team

Dollar short

-The dollar index at the beginning of the week is showing a downward trend. The high price level was 97.195, which was set in the morning of Tokyo, and then it unilaterally declined. It dropped to 96.820 in early London. Subsequent rebound has not reached over 97. The dollar has been weakening since July 2nd.

Today, dollar selling is dominant.

Also, as the economic indicators of the UK and EU were good in the evening, it seems that buying is gathering in GBP and EUR.

June Construction Industry Purchasing Manager Business Index (PMI) Last 28.9 Forecast 46.0 Result 55.3
May Retail sales [Monthly] Last time -11.7% (-12.1%) Expected 15.0% Result 17.8%
May Retail sales [YoY change] Last time -19.6% Forecast -6.5% Result -5.1%

Currently, the power balance in 15 minutes is

EUR > CHF > AUD > GBP > NZD > CAD > JPY = USD

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