The dollar fell against the Japanese yen recording a low of 89.65 and a high of 90.40. A report today showed that Japan’s industrial production rebounded in August that helped the yen to rally against major currencies. The pair is having a support at 89.15 along with a resistance at 90.45. Also, the dollar fell on speculation a Federal Reserve official will reiterate today that record-low interest rates will be unchanged for an extended period. As with the global economy quite weak and inflation low a raise in US interest rate seems unlikely to happen.

The euro and the pound gained against the green currency ahead of important fundamentals today that is expected to show contraction in the U.S deepened that may lead to concerns about recovery. As for the pound dollar pair, it gained for the third consecutive day recording a high of 1.6076 and a low of 1.5962, having the royal pound trading around 1.6030. The pair is having a resistance at 1.6075 along with a support at 1.5955.

The euro snapped two days of losses against the dollar on speculation European Central Bank officials will reiterate it is too early to withdraw economic stimulus measures. The euro dollar pair inclined recording a high of 1.4642 and a low of 1.4584, having the union currency trading around 1.4625. The pair fell yesterday on fears spread in the currencies market as consumer confidence in the U.S came worse than its prior reading. Today the pair is having a resistance at 1.4675 along with a support at 1.4560. Unemployment rate in Germany the euro zone’s largest economy will be released today that will affect the pair’s trades.

Australia’s dollar climbed to a 13-month high against the greenback on better-than-forecast retail sales, bolstering speculation the Reserve Bank of Australia will raise rates as early as November. The Australian dollar rose 1 percent to 87.85 U.S. cents. It earlier touched 88.04, the highest since August 2008. Australia’s currency gained 9 percent against its U.S. counterpart this quarter.