The greenback is a little softer across the board in early morning trades
EUR/USD is observing a move higher towards the swing region resistance around 1.1225-30 again with the dollar also inching lower against other major currencies as well. Of note, USD/CHF is moving to a session low of 1.0174 as sellers look to establish near-term control after breaking below the 200-hour moving average earlier.
Meanwhile, AUD/USD is also inching up to a high of 0.7060 while the kiwi is also paring losses against the greenback with NZD/USD rising to near 0.6660 currently.
As for EUR/USD, near-term resistance levels here and large expiries around 1.1240-50 will be key levels to watch out for in limiting the upside momentum today. After that, traders will look towards the FOMC meeting for further clues but for now, it looks like the near-term momentum just isn’t siding with the greenback even as month-end flows abate.