Forex trends: greenback shows mixed trading across the board

During early European trading Thursday, the US major revealed mixed presence versus its main opponents. While the greenback pared its late Asian session's gains against the euro, pound and the franc, it recouped losses against the yen.

The dollar fell after reaching highs of 1.0730 against the Swiss franc and 1.4649 against the pound at 2:35 am ET Thursday. As of now, USD/CHF pair is trading near yesterday's close of 1.0704. Cable is currently worth 1.5008, compared to 1.4981 hit late New York Wednesday. If the dollar slides further, it may target 1.520 against the pound and 1.065 against the franc.


The dollar that rose to 1.3623 against the euro at 2:30 am ET Thursday declined thereafter. Presently, EUR/USD pair is trading near yesterday's close of 1.3655. On the downside, 1.368 is seen as the next target level for the US currency.

The dollar that slipped to 90.22 against the yen in early Thursday Asian deals at at 10:25 pm ET bounced back thereafter. At present, USD/JPY rally is trading near yesterday's close of 90.53. The next upside target level for the dollar is seen at 90.8.