US Dollar eases for a second day in the runup towards French elections over the weekend

📆 6/25/2024 1:41 PM

Dollarindex News

Macroeconomics, Unitedstates, SEO

📆 6/25/2024 1:41 PM
📰 FXStreetNews

⏱ Reading Time:
26 sec. here
5 min. at publisher
📊 Quality Score:
News: 24%
Publisher: 72%

The US Dollar (USD) trades slightly lower against major pairs during the Tuesday European session despite the risk-off mood, with Nvidia becoming the biggest worry for markets after being the golden boy for many weeks in a row.

The US Dollar trades slightly lower against major peers at the start of the European session. Two Fed speakers are scheduled on Tuesday. The US Dollar index trades near the weekly low, though still well above 105.00. The US Dollar trades slightly lower against major pairs during the Tuesday European session despite the risk-off mood, with Nvidia becoming the biggest worry for markets after being the golden boy for many weeks in a row.

Expect not to see any big waves ahead of the US Opening Bell as markets are starting to struggle with how to price the possible outcome from the French snap elections on Sunday. Traders will also be looking for NVidia to see how it behaves and if it can end its recent correction. On the upside, the first level to watch is 105.88, which triggered a rejection at the start of May and on Friday last week. Further up, the biggest challenge remains at 106.52, the year-to-date high from April 16.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Macroeconomics Unitedstates SEO

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to WatchUS dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Read more »

EUR/USD posts fresh monthly low amid French political uncertainty, firm US DollarEUR/USD extends its downside below the round-level support of 1.0700, touching the lowest level in more than a month during Friday’s European session.
Read more »

GBP/USD resumes upside near 1.2800 on mixed US data, Fed rate cut expectationThe GBP/USD pair resumes upside near 1.2790 despite the rebound of US Dollar (USD).
Read more »

Weekly Forex Analysis Video: EUR/USD, GBP/USD, AUD/USD and moreWeekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY , USD/CHF Forecast.Our weekly forex forecast covers technical analysis, price action on major forex pairs , assets using the high-timeframes and market environment.
Read more »

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY , USD/CHF Forecast.Our weekly forex forecast covers technical analysis, price action on major forex pairs , assets using the high-timeframes and market environment.
Read more »