The dollar is trading moderately softer today, continuing an ebb and flow pattern as tomorrow's hotly anticipated Fed rate lift-off event draws closer. The main beneficiary has been the euro, which has posted modest gains versus most currencies. EUR-USD has re-established itself above 1.1000, so far testing but not breaching the 200-day moving average at 1.1038. EUR-JPY has also nudged to a two-day high of 133.38, EUR-GBP is also up while EUR-CHF has recovered above 1.0800 after foraying to a one-month low of 1.0766 yesterday.
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