Dollar looks to exert more control again ahead of European trading

The plunge in the dollar yesterday came after a rather abysmal US services PMI reading in which if you strip out the pandemic, was the worst reading since 2009. It was tough for the greenback to recover sentiment in the immediate aftermath but USD/JPY did pull up from a low of 135.80 to return to 137.00 earlier today.

Despite the concerning data, the dollar remains in a good spot technically with EUR/USD continuing to keep under parity so far. The pair is down 0.2% to 0.9950 now after a rejection at the key figure level: