U.S. Dollar Steady in Asian Session

The dollar was broadly steady against its major counterparts in Asia on Monday and near enough to some long-lasting support levels that the decline of the past few weeks suggests a rebound is probably on the cards.

There was an early wobble against the yen which saw the dollar quoted as low as 98.17 at one stage, but it quickly recovered to 98.72.

It was also steady on the euro at $1.3381, almost exactly where it stood late Friday in New York. There are layers of chart resistance from $1.3400 up to last week’s peak at $1.3452, while support lies between $1.3335 and $1.3370.


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