Currency snapshot (major pairs)

Dollar found its groove again today against all the majors (EUR, GBP, CHF, and JPY). US dollar index is trading at 99.72, just shy of the 100 mark.  This week's performance at a glance in chart and table -

• Euro failed to gain much on support, against dollar. After yesterday's positive CPI from Germany, Spain and France, today Italian CPI turned positive at 0.4% in February. Euro is currently trading at 1.051, down by 0.85% for the day. Sellers are still emerging at rallies. Immediate Support lies at 1.05, 1.035 & Resistance 1.072.

• Pound once again is the worst performer in today's trading. Worsening UK data continue to pose doubts on BOE's ability to loosen the monetary policy. Pound is currently trading at 1.472, down by 1.1% for the day. Price pattern suggest it might test 1.40, should the resistance at 1.53 holds. Immediate Support lies at 1.463 & Resistance 1.50.

• Yen has remained stable against dollar, despite fall in other currencies. Nikkei and yen seem to have diverged for now. Yen is trading at 121.5; down by 0.1% in today's trading. Immediate Support lies at 119.5 & Resistance 122.

• Franc is comparatively better performer after in yesterday's trading it went to high of 1.013. Acceleration might increase if the high before SNB action at 1.02 gets broken. Immediate Support lies at 0.986 & Resistance 1.02.