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U.S. Dollar Index<\/a> is moving higher as traders react to the PPI report<\/a>, which showed that Producer Prices increased by 0.3% month-over-month in July. Analysts expected that PPI would grow by 0.2%, so the report exceeded analyst expectations.<\/p>\n If U.S. Dollar Index settles above the recent highs near the 102.85 level, it will move towards the resistance at 103.40 \u2013 103.65.<\/p>\n<\/div>\n<\/div>\n EUR\/USD<\/a> is trying to settle below the support at 1.0950 \u2013 1.0975 as traders focus on rising Treasury yields.<\/p>\n In case EUR\/USD manages to settle below 1.0950, it will move towards the next support level, which is located in the 1.0835 \u2013 1.0850 range.<\/p>\n GBP\/USD<\/a> moved higher as traders focused on the better-than-expected GDP<\/a> report from UK. The report indicated that UK GDP increased by 0.5% month-over-month in June, compared to analyst consensus of +0.2%.<\/p>\n The nearest resistance level for GBP\/USD is located in the 1.2725 \u2013 1.2750 range. A move above 1.2750 will open the way to the test of the next resistance at 1.2970 \u2013 1.3000.<\/p>\n USD\/CAD<\/a> is swinging between gains and losses as rising commodity markets provide some support to the Canadian dollar.<\/p>\n If USD\/CAD settles above the resistance in the 1.3430 \u2013 1.3450 range, it will move towards the next resistance level, which is located at 1.3500 \u2013 1.3520.<\/p>\n USD\/JPY<\/a> tests the key resistance in the 144.65 \u2013 145.00 level as traders stay focused on rising Treasury yields.<\/p>\n RSI is in the overbought territory, so the risks of a pullback are increasing. However, a move above the 145 level will provide USD\/JPY with an opportunity to gain strong momentum.<\/p>\n For a look at all of today\u2019s economic events, check out our economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nGBP\/USD<\/h2>\n
USD\/CAD<\/h2>\n
USD\/JPY<\/h2>\n