Currency Analyst since 2010

US dollar edged a bit higher

US dollar rose a bit higher versus the major currencies on Monday, but remained not far from a 3-month low versus the euro after weak US economic data released last week increased expectations that the Federal Reserve will wait longer to raise interest rates. EUR/USD edged down to 1.1400. GBP/USD slid down to 1.5700 after it found resistance at 1.5800 last week. USD/JPY rose to 119.75.

AUD/USD is trying to hold above 0.8000. NZD/USD opened with a gap down and slid to 0.7416 after the government announced on Sunday a new capital gains tax on residential property investments to cool soaring prices in Auckland.

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