The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The GBP/USD rally is showing signs of fatigue near major resistance at 1.3430–1.3500, with momentum fading and key support at 1.3230 now under close watch, Société Générale's FX analysts note.
The Pound Sterling retreated after posting back-to-back days of gains versus the US Dollar. Still, positive news related to a possible de-escalation of the Sino-US tensions lent a lifeline to the Greenback, which remains firm in early trading.