The dollar firmed early in the Canadian dollar news forex update. The DXY made its way to 94. 31 highs before later heading to 93.
EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. OVERVIEW Second-tier data brings temporary calmness in the markets. Commodity currencies under pressure from bilateral NAFTA and sliding oil prices. JPY pair failed to breach the technical 200-day moving average and is now slowly sliding below the key 110. The dollar has traded mixed, holding net steady against the euro and yen, losing ground to the pound following a strong services PMI release out of the UK, while gaining against the Canadian and Australian dollars.
EUR-USD lost upside traction, with the pair reverting to a narrow oscillation of the 1. There has been limited net direction among the main currencies so far today as the London interbank opens. EUR-USD has lost upside traction, with the pair reverting to a narrow oscillation of the 1. Euro crosses have also flattened out after rallying over the last week on the shifting Italian political situation. The dollar started out on a softer footing in N.