May 19th: American session
Tatiana Norkina , an analyst at FBS
The U.S. dollar looks weaker against most world currencies. Today the dollar index loses about 0.21 %, falling to 79.95. The main factor of reduction was the uncertainty of market participants about the strength of the Chinese economy recovery. Major U.S. stock markets opened with some decrease , but at the moment the S & P500 is in the green zone, +0.10, and the DJIA pulled down to zero.
The currency pair EUR/USD tries to recover after the morning consolidation, punching the resistance at 1.3725. USD/CHF is still kept above 0.8900 figure, but bears increase pressure. The British currency continued Friday's strengthening: GBP/USD has recovered to around 1.6845, but then went back to 1.6825 support. Major changes have occurred on the USD/JPY: the pair has broken down long-term support 101.40 and declined to 101.10.