The U.S. Dollar remains steady as the weekend approaches, with little movement in major currency pairs. Here is an analysis for the EUR/USD, GBP/USD, USD/CAD, and USD/JPY pairs.
The EUR/USD pair is trading in a narrow range, showing some resistance near the 1.18 level. Traders are closely watching for any developments in the Eurozone that could impact the pair’s movement.
Meanwhile, the GBP/USD pair is also seeing limited movement, hovering around the 1.38 level. Brexit uncertainties and economic data releases are factors to watch for potential volatility in this pair.
The USD/CAD pair is holding steady near the 1.25 level, as oil prices and economic data from both the U.S. and Canada influence its direction.
Lastly, the USD/JPY pair is trading around the 110 level, with investors monitoring market sentiment and any geopolitical developments that could impact the pair.
Overall, the U.S. Dollar is flat ahead of the weekend, with traders awaiting further cues to determine the next direction in these major currency pairs.