Dollar strengthens slightly as market sentiment shifts

forexlive.com

The dollar is making slight gains as market sentiment shifts. S&P 500 futures have fallen by 0.2%. This decline is contributing to an overall advance for the dollar. In the currency market, the euro is down 0.3% against the dollar, trading at 1.0820. Selling pressure is present, keeping the euro lower. There is some support near the 1.0820 level, with attention on the 1.0800 mark due to significant option expiries. If the euro falls below this level, it could signal a bigger shift in trends. The dollar is also rising against the Japanese yen, up 0.5% to 149.55. However, the British pound is down 0.3%, now at 1.2927. The Australian dollar is facing challenges, down 0.2% at 0.6285 for the fourth consecutive day. Looking ahead, there are no significant events planned in Europe that could impact trading. Market participants will likely focus on overall risk sentiment as the week comes to an end.


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