The USD shows mixed performance with late selling pressure, while EURUSD and GBPUSD test key moving averages.
The US dollar exhibited mixed performance with a late-session downward bias, as EURUSD climbed above its 100-hour moving average at 1.1398, reaching 1.1412. Traders are eyeing the 200-hour MA at 1.14525 for further upside potential, contingent on holding above current levels.
USDJPY hovered near its 100-hour MA at 161.66, trading at 161.63, while GBPUSD surpassed its 100-hour MA at 1.3200, currently at 1.3218. The 200-hour MA for GBPUSD stands at 1.3252. Meanwhile, US equities were mixed, with the Dow up 77 points, while the S&P 500 and Nasdaq declined, led by losses in chip stocks.
Micron fell 4.7%, Nvidia, Intel, AMD, Broadcom, and Texas Instruments also posted declines. Market sentiment remains cautious, with attention on South Korea’s KOSPI after a near 10% drop earlier in the week.