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Dollar strengthens on mixed sentiments and technical movements

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So far throughout the US session we watch the dollar strengthening against the pound and the euro mainly as a result of technical movements presently taking place within the currencies trading along with mixed sentiments as as President Barack Obama and Congress prepared to resume budget talks amid speculation Japan’s new government will act to spur the economy.

Having in mind that so far House Speaker John Boehner and the president have been unable to agree on tax-rate increases for top earners or cuts to entitlement programs, complicating the chances of getting a package done.

As a result the euro fell against the dollar and remains on plunging slightly to the downside on the four and one-hour charts as a result of the current technical movements and strengthened dollar sending in fact the EUR/USD pair to trade around $1.3219 while recording the highest level of $1.3253 and lowest level…

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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