FX Levels for Today August 1
Overview A mixed session overnight, as the USD fell early on the back of disappointing GDP data, but firmed late on the back of weaker crude oil, and the market’s reluctance to push the EUR to high. While the market remained cautious about buying the EUR too heavily, the data also reminded the market that the US is far from out of the woods. Already today, the USD has firmed up as the EUR and AUD lead the way lower following a break of overnight lows. Traders are waiting on tonight’s payrolls
Original post by Fundamental Market View