Jun 26th: American session
Tatiana Norkina, an analyst at FBS
Today U.S. dollar index was supported, in general, by fairly neutral data on the labor market. Despite the expected 310 thousand, the number of applications for unemployment benefits was 312 thousand last week, but it is lower than on the previous week - 314 thousand dollar index soared on the news to around 80.45, recouping yesterday's drop. Positive dynamics are preserved: +0.15%. But stock markets sagged noticeably at the opening. DJIA has lost about 0.60%, while the S & P500 - 0.50%.
Against this background, the pair EUR/USD fell to 1.3575 support and USD/CHF rebounded to the level of 0.8950. Currency pair GBP/USD tested 1.7040, but could not be held here: the ensuing course correction made it back down to 1.7000 figure. USD/JPY is out of context, it is currently trading at today's lows, in 101.50.