The British pound continued its rise against majors ahead of the FOMC meeting. The pound rallied after the upbeat manufacturing and mortgage approvals data released today.
United Kingdom's manufacturing sector expanded in December to 58.3 from 58.0 in November, to record the fastest pace since 1994, while mortgage approvals rose to 48.0 in November thousands from 47.2 thousands a month earlier.
In the euro zone, the euro could not incline against dollar and pound, especially after German unemployment change rose to 3 thousands from the revised 8 thousands drop and euro area inflation climbed to 2.2% in December.
On the other hand, the dollar advanced ahead of the FOMC meeting and after the improvement in factory orders to 0.7% in November from the prior -0.9%.
The dollar index, which tracks the dollar movements versus a basket of major currencies, jumped to a high of 79.50 from the day's opening at 79.19.
Concerning the euro-dollar pair, it is currently showing decline on the daily charts where the pair fell from resistance 1.3365 to 1.3330.
So far, the pair has recorded a high of 1.3432 and a low of 1.3290, while the trading range for today is among the key support at 1.3245 and the key resistance at 1.3570.
Moving to the royal pair, it rose sharply on the daily basis where it is currently trading at 1.5590 after recording a high of 1.56744 and a low of 1.5452, whereas the trading range for today is among the key support at 1.5345 and the key resistance at 1.5690.
With regard to the dollar-yen pair, it rebounded for the second day after getting support from momentum indicators as the pair rebounded from an oversold area.
The pair is currently trading at 82.01 while it recorded a high of 82.27 and a low of 81.59.
The trading range for today is among the key support at 80.35 and the key resistance at 83.15.
Source: Fxstreet.com
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