Dollar still weak but off the lows of the day

The dollar has recovered some of the losses seen at the start of the trading day. At the start of the day the following changes vs the USD were observed in the NY opening snapshot.

  • EURUSD -0.58%
  • GBPUSD -0.52%
  • USDJPY -0.77%
  • USDCHF -0.48%
  • USDCAD -0.76%
  • AUDUSD -0.87%
  • NZDUSD -1.20%

Below are the current changes

Apart from the USDCHF, the dollar has recovered with the GBPUSD moving back toward unchanged and the NZDUSD giving up some of its gains as the RBNZ decision gets closer.

Some quick technical thoughts:

EURUSD.

USDJPY

GBPUSD

NZDUSD (see prior post along with chart below)

USDCHF

USDCAD