The U.S. dollar is currently testing its weekly highs against a number of major currencies including the Euro (EUR/USD), British pound (GBP/USD), Canadian dollar (USD/CAD), and Japanese yen (USD/JPY). This analysis comes from FX Empire, a trusted source for financial news and insights.
The Euro is struggling against the strong U.S. dollar, as the EUR/USD pair is facing resistance at the weekly high. The British pound is also facing pressure from the dollar, with the GBP/USD pair testing its weekly highs. Meanwhile, the Canadian dollar is weakening against the dollar, with the USD/CAD pair seeing a rise in value. The Japanese yen is also experiencing a similar trend, as the USD/JPY pair is testing its weekly highs.
Overall, the U.S. dollar is showing strength against these major currencies, as it tests its weekly highs. Traders and investors will be closely monitoring these currency pairs for any potential breakout or reversal in the coming days.