The dollar sees its profits cut to the fullest
It is noteworthy that the pound and loonie have erased their previous losses against the dollar when the cable rose to 1.4140 as buyers are willing to try the 1.4200 target. Meanwhile, USD / CAD trades back below 1.2100 to a low of 1.2085.
Elsewhere, the EUR / USD holds a modest rebound between 1.2116 and 1.2140, as buyers rely on a 100-hour moving average of support in the past:
This suggests that buyers are still under control in the near future and will not allow the recent upswing to be abandoned.
Aussie and kiwi are still the main laggards, but are also trading at previously low levels, with AUD / USD moving 0.7715 back to 0.7815 from a day earlier.