Dollar holds steadier so far on the session ...Middle East

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At the balance, the dollar is just a little on the softer side this week with EUR/USD backing off after another test of 1.0500 earlier in the day:

Besides that, GBP/USD is down 0.2% to 1.2647 currently even after a stronger UK retail sales report. The data might've surprised to the upside but it's hardly reinvigorating when it followed from a rather disappointing stretch in Q4 last year.

Here are the weekly changes relative to the dollar as the benchmark:

EUR -0.2%JPY +1.2%GBP +0.5%CHF flatCAD -0.1%AUD +0.6%NZD +0.5% This article was written by Justin Low at www.forexlive.com.

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