Dollar mixed against its rivals, January 7 2013

Dollar in mixed trading

The American dollar was mixed against the other major currencies during the Asian session today, hesitating between gains and losses as investors focused on the greenback’s next move before more new fiscal policy debate in the U.S.

During today’s Asian trading, EURUSD moved down with 0.1% hitting the level 1.3056. The pair was supposed to find support at 1.2999, bottom from Friday, and resistance at 1.3299, highest level from Wednesday.

The currency pair GBPUSD was traded at 1.6057. It was supposed to find support at 1.6010, Friday bottom, and resistance at 1.6381, peak from Wednesday.

Later this week, the Bank of England and the European Central Bank are about to announce Monetary policy.

At the same time, the pair USDJPY went down with 0.17% trading at 88.01. It was expected to find support at 86.54, Wednesday’s bottom, and resistance at 88.40, highest from Friday.

Market sentiment is now focused on addressing the debt ceiling. The debt ceiling concerns the amount of debt the U.S. can carry at any given time and if it is not increased, riskier assets may be imposed as another downgrade to the American credit rating becomes probable.

Besides, USDCAD remained unchanged at 0.9875 while USDCHF went up with 0.12% to the level of  0.9259. AUDUSD was traded stable at 1.0481 while NZDUSD moved to the level 0.8302. The U.S. Dollar Index gained 0.04% to 80.64.

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