Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">Currency Commentary: Euro at Five Month Highs<ul><li>The <strong>Dollar Index</strong> dipped below its 200-sma yesterday and has been unable to reclaim that ground. The index is holding at 98.80 just below but it runs the risk of further losses. Market participants are likely to remain on the sidelines as they await tomorrow's announcement on tax reform by the White House. There are two key overseas items for the markets to watch as well in coming days as the Bank of Japan and European Central Bank are both meeting. Both banks are expected to remain very dovish in outlooks. If this is the case and the dollar is unable to rally back above the 200-sma, that could signal more selling is in store. Economic data in the U.S. was positive as housing saw a beat in the Case Shiller and FHFA Housing Index as well as the March New Home Sales. The Consumer Confidence number did miss which bares watching for an already weak retail space.</li><li>The <strong>euro</strong> is stretching its gains above the 200-sma (1.0830) as it presses to five month highs. The euro was trading at 1.10 ahead of the U.S. elections and it looks prepared to regain all those losses at the moment. The focus will be on the ECB as it meets on Thursday. The bank is expected to remain dovish but any suggestions that it could begin to move away from negative rates could lead to a further rally in the single currency. </li><li>The <strong>pound</strong> remains in a tight range but continues to hold recent gains in what has to be the most encouraging reaction in sterling since the Brexit. The tight channel (1.2760-1.2860) will be in focus as markets wait for a break out or down.</li><li>The <strong>yen</strong> remains under selling pressure as it is offered in the risk off environment. The pressure should continue into tomorrow's Bank of Japan meeting as it is expected to maintain its dovish tone.</li><li>China continues to tighten its capital controls in a move to pull in its outstanding credit. But the currency remains in its tight range and is not being impacted by the fluctuations in equities. <strong>Yuan</strong> sits at 6.88 (BONDX, FOREX).</li></ul></td> </tr></table>"