The end of July has traders on edge after a month of remarkable weakness for the dollar, while they cautiously await August PMI data due next week for the latest health check on the state of economic health. Comments from St. Louis Fed President James Bullard sounded the deflationary bell

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Yen Rises to 2010 High Per Dollar as July Trading Ends

Better than forecast Euro-zone sentiment data and further dollar weakness contributed to EUR’s rally to near 3-month highs, though the journey higher took its time to take out resistance at 1.3050 along the way. Month-end fixing demand was also a factor and this was also evident in the AUD which

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Month-End Flows Pull EUR And AUD Higher

It was a mixed session for the greenback overnight with an early fall almost completely reversed later. Early pressure came from a break of technical support on the USD index at 82.0, EUR breaking to new cycle highs and GBP breaking above the 200-day MA. However the dollar’s fortunes reversed

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Mixed Moves In Currency Markets Overnight