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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 107.547 | EURUSD 1.13553 | AUDUSD 0.73674 | NZDUSD 0.69348 | USDCAD 1.28172 | USDCHF 0.97054 | GBPUSD 1.4440 | LMAX Highs and Lows 5am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.13676 | 1.13505 USDJPY Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 107.894 | 107.223 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.46676 | 1.44368 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.74259 | 0.73596 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â […]
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USD Weakness Justified?
Though the Fed Chair clearly reflected a scaled back hawkishness on Monday, in light of the latest horrid US employment data, she also made it quite clear that the economic positives outweighed the negatives and that rate hikes were still in the plans….