Dollar
fell to fresh one-week lows against the other major currencies on Tuesday, as
investors remained cautious ahead of testimony by Federal Reserve Chair Janet
Yellen due to begin later in the day.
GBP/USD climbed 0.48% to a seven-week high of 1.4761.
The
pound strengthened after two opinion
polls released on Monday indicated that support for the 'Remain' campaign had regained
its lead over a vote to exit the 28-member bloc.
An ORB poll for the Daily
Telegraph newspaper showed that 53% of voters supported the Remain campaign,
compared with 46% support for the Leave campaign.
A poll published by Nat Cen
also showed Remain on 53% and Leave at 47%. But a poll by YouGov for The Times
newspaper showed Leave ahead on 44%, with Remain on 42%.
The
poll was conducted over the weekend, after the killing of Jo Cox, a Labour
Party member and supporter of EU membership.
Dollar index has support 93.40 and resistance 95.30.
Three consecutive + weekly close below 93.40 will take it to 92.80--92.50 and then to 91.90 else could test its resistance level of 95.30.
Further upside rally can be seen if close above 95.30.
More will update soon!!
