By CountingPips.com
The US Dollar has been mixed in forex trading today against most of the major currencies. The dollar has been losing ground to the European common currency, almost touching the 1.4700 exchange rate while also trading lower versus the Australian dollar, Swiss franc, New Zealand dollar. The dollar has gained some ground 
today versus the British pound and Japanese yen. Against the Canadian dollar, the USD has been virtually unchanged around the day’s opening exchange rate of 1.0835 CAD per USD at 4:41pm EDT according to according currency data by Oanda.
The US stock markets had a winning session today after a down day on Friday with the Dow gaining by approximately 22 points, the Nasdaq increasing 10.88 points and the S&P 500 up by 6.59 points. Oil traded lower to $68.86 while gold lost $5.00 to $999.90 per ounce.
Economic news releases today showed that Japanese industrial production increased in July by 2.1 percent while on an annual basis production is 22.7 percent lower than last year. An overnight release showed that New Zealand’s retail sales fell by 0.5 percent in July after a revised decline of 0.1 percent in June while core retail sales also fell by 0.5 percent. The sales declines were worse than forecasts that were expecting sales to increase by 0.4 percent and core sales to advance by 0.5 percent.
Out of Europe, Switzerland producer and import prices increased by 0.1 percent in August and registered a 5.5 percent decrease on an annual basis according to the Swiss Federal Statistics Office. European Industrial production fell by 0.3 percent in July and by 15.9 percent on an annual basis according to EuroStat.
EUR/USD Chart – The euro has resumed its ascension today versus the dollar in trading as the EUR/USD pair reached a high today of 1.4652 before retreating lower but has held above the 1.4600 level. The euro has increased seven out of the last ten days against the American currency and is approaching an oversold condition on the Relative Strength Index (RSI) at over a 70 reading.
