Tag Archives: USD

Weekly Market Outlook

Further gradual rise favoured in USD/CAD However, the change in BoC’s communication suggests that

The Dollar spent most of the overnight trade below 86.00 but it was still within close-proximity to the recent highs.

The USD and JPY strengthened initially but have since lost ground.

EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before

The Dollar might have become temporarily overbought with its climb above 86.00 but

The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876.

Today’s inflation data suggest that inflation was steady in September.

The Dollar has forged a somewhat significant upside technical probe overnight with the currency reaching up to

The Dollar continues to waffle around both sides of unchanged levels for the week but

In FX, AUD leaped above 0.88 and EUR rebounded to 1.280 post the China data.

The Dollar spiked up overnight off what might be seen as a relief rally in the wake of a lack of fresh US Ebola infections over the weekend.

The USD weakened slightly against majors, with the exception of USDJPY, which rallied to 107.4.