Tag Archives: USD

The Week Ahead in FX

In the week ahead, investors will be continuing to monitor geopolitical risk, while preliminary data on second quarter growth from

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,

• The market is shifting to an increasingly bullish view of the USD; with the net USD position rising to $26bn

A slight retrenchment in the Dollar this morning is to be expected after the upside extension early in the week.

In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.

The Dollar remains in vogue and retains an economic and interest rate differential edge.

AUD underperformed in Asia trading, down 0.6% to 0.928 on the back of a weak employment report.

The Dollar continues to hold the edge as fears of further slowing in Europe off the Russian sanctionshas combined with

G10 FX was more subdued, but AUDUSD and EURUSD drifted down to 0.9299 and 1.3369 respectively while

Despite potentially undermining Euro zone economic data overnight the Dollar has remained in anupward track on its charts.

In regards to the US economy the message after the July round of data is clear: gradual progress in the strength of the economic recovery persists.

AUDUSD rose to 0.9327, but most of this came ahead of the RBA statement.