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Dollar's Rally Pauses Near Key Levels

August 16, 2023
Overview: The US dollar is trading with a slightly heavier tone in the European morning. It has stalled in front of JPY145.90, where the BOJ intervened last September and ahead of CNY7.30, which some observers think Chinese officials are defending. We are less convinced that either central bank has drawn a line at a particular level and suspect it…
Dollar's Rally Pauses Near Key Levels Dollar's Rally Pauses Near Key Levels Reviewed by Marc Chandler on August 16, 2023 Rating: 5
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