Dollar a little steadier after yesterday's fall ...Middle East

Amid the uncertainty and policy incoherence, the dollar's struggle for confidence continued yesterday. The greenback fell to start the new week/month but is now holding a little steadier today at least. It is still put in a vulnerable spot and the pressure remains despite dollar sellers taking their foot off the pedal for now. USD/JPY is hugging closer to 143.00 but the low earlier touched 142.36, pushing close to some short-term support:

Elsewhere, EUR/USD is down 0.2% today but still above the 1.1400 mark at 1.1415 currently. GBP/USD is also down 0.2% but keeping above the 1.3500 level at 1.3518 at the moment.

Besides trade headlines, we are also slowly gearing towards the US jobs report on Friday. So, there's that to be mindful of alongside the ECB policy meeting on Thursday.

This article was written by Justin Low at www.forexlive.com.

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