The US dollar marks time April 1, 2021SharePrint US dollar trading sideways The overnight session saw some wide ranges in both the dollar index and the major currencies, as quarter and month-end flows dominated. With the Biden infrastructure package passing without incident on the US bond market, the US dollar gave back some of its week’s gains. Despite a near 50 point range, the dollar index finished almost unchanged at 93.23, edging lower to 93.21 in moribund pre-holiday Asian trading. Taking a look at the major currencies, EUR/USD’s intraday rally petered out above 1.1770 and it has faded back to 1.1725 in Asia. That leaves it still in danger, just above support at the round number of 1.1700. GBP/USD continues to hold firm at 1.3785, supported by EUR/GBP selling as sterling continues to benefit from its vaccine premium. USD/JPY has corrected lower to 110.60 today, unwinding its overbought short-term technical indicators yesterday. It still has the potential to retest 111.00 and then 112.00 before the week’s end.