Dollar pulls back, US Q2 GDP data in focus


It started with some selling in Euros, but as it deepens, it turns into a broader supply for the Dollar and Yen in European exchanges right now. EUR/USD fell to a low of 1.0125, down 0.7% on the day, while GBP/USD fell from a high of 1.2190 to 1.2110 during of the session.

Elsewhere, USD/CAD has erased losses to stabilize at 1.2825 now after briefly slipping below 1.2800 and we also see AUD/USD falling 0.2% to 0.6975 at 0.6975 low. the day after trying to push above 0.7000 earlier. These are key levels as highlighted in the post earlier here.

It looks like dollar buyers are showing some appetite as the post-FOMC rumble continues, but beware, we have second quarter US GDP data coming later today and that could be a driver. of the market as a whole.


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