Last week, the USD/CAD pair corrected down to reach 1.3549 (Murrey [3/8]) but today, the instrument tries to grow.
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The euro strengthened against the US dollar yesterday amid retail growth in the Eurozone by 17.8% in May after a decline of 12.1% a month earlier. YoY, a decrease in the indicator slowed down from –19.6% to –5.1%, which also favorably affected the rate of EUR. The dollar won back part of the positions lost on Monday after the publication of data from the USA: the ISM Services PMI in July exceeded the forecast (50.1 points) and increased from 45.4 to 57.1 points.
Today, during the Asian session, the USD/JPY pair shows flat trading dynamics, consolidating near the level of 107.30. Investors are focused on the statistics from Japan, which, however, did not form any directional trends in the instrument.
GBP slightly strengthens against USD during today's morning session, trading close to the local highs, updated on July 2. GBP is moderately supported by macroeconomic statistics from the UK, but weaknesses of USD is the main reason for continued growth.
Today, during the Asian session, the price of oil shows ambiguous dynamics, trying to consolidate above the level of $40 per barrel.
On Monday, the pair shows an ambiguous dynamics.
Last week, oil was trading upwards, and today the instrument continues to grow, approaching the upper edge of the Murrey trading range of 43.75 amid reports of declining energy supplies from Libya and a new decline in production in Venezuela.
Today, during the Asian session, the NZD/USD pair is growing moderately. Now the instrument is testing the level of 0.6550, which has been the maximum since June 10.
EUR shows strong growth against USD during today's Asian session, approaching the local highs of last Thursday. Moderate support for the instrument is provided by good macroeconomic statistics from Europe, published last Friday.
Today, during the Asian session, the pair USD/CHF is declining. Now, the instrument has lost about 0.14% and is testing the level of 0.9430 for a breakdown.