EUR/USD & USD/JPY: Dollar weakens as risk sentiment deteriorates
The US dollar is losing ground against major currencies, with EUR/USD advancing and USD/JPY declining as risk-off sentiment dominates early Monday trading. The Japanese yen, benefiting from its safe-haven status, has strengthened notably against the greenback while the euro also gained traction. Meanwhile, commodity currencies AUD and NZD are underperforming, reflecting concerns about global growth and commodity demand. US equity index futures remain heavy on the session, suggesting continued risk aversion that typically supports defensive currencies like JPY and CHF. The divergent performance between safe-haven and risk-sensitive currencies indicates growing market uncertainty. Traders should monitor key support levels for USD/JPY around 155.00 and resistance for EUR/USD near 1.0950. The continuation of risk-off flows could further pressure the dollar, particularly against traditional safe-haven currencies.
Related Symbols:
EURUSD
USDJPY
AUDUSD
NZDUSD
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