Major currencies lightly changed so far on the day
<p>The aussie and kiwi were higher earlier on, lifted by some relief from China. But they have pared the early gains now, which weren't a whole lot to begin with anyway. In the case of AUD/USD, <a href="https://www.forexlive.com/Orders/fx-option-expiries-for-28-august-10am-new-york-cut-20230828/" target="_blank" rel="follow">large option expiries</a> and some <a href="https://www.forexlive.com/news/audusd-bounce-limited-by-key-near-term-resistance-so-far-today-20230828/" target="_blank" rel="follow">key near-term technicals</a> are at play so there is that to consider. Here's a snapshot of dollar pairs currently:</p><p>With London out today, it wouldn't be surprising to see the more tepid mood and lack of appetite carry through until US trading at least.</p><p>EUR/USD is holding slightly above 1.0800 with large option expiries also in play alongside the 200-day moving average at 1.0805. The interest thereabouts is just keeping price action within a 26 pips range for now so that isn't really saying much.</p><p>Looking at equities, US futures are now up just 0.1% so there is also a more tentative mood going around.</p>
This article was written by Justin Low at www.forexlive.com.
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