The U.S. dollar has weakened across the board in recent weeks in response to a dovish repricing of the Fed's monetary policy outlook

The US dollar has been attracting traders attention recently. Diego Colman from DailyFX shares his view on the pairs with US dollar.

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Diego Colman, Contributing Strategist for DailyFX comments: The U.S. dollar has weakened across the board in recent weeks in response to a dovish repricing of the Fed's monetary policy outlook following the U.S. banking sector turmoil.

Meanwhile, EUR/USD has also broken out and may be on its way to recapture its 2023 highs in short order

This situation has boosted both the euro and British pound, pushing both currencies to multi-month highs. In the case of GBP/USD, the pair has cleared technical resistance at 1.2450, an event that could pave the way for a rally towards 1.2680. Meanwhile, EUR/USD has also broken out and may be on its way to recapture its 2023 highs in short order. Key technical levels for top FX pairs can be found at DailyFX's trading tools page.

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