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Time to Abandon the Buck?
US Dollar momentum in the aftermath of the Fed decision proved to be quite mild and over the past few days, the faded Dollar rally has now turned back into a resumption of the Dollar downtrend in 2017. The Euro has charged to fresh yearly highs and sho…
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 112.302 | EURUSD 1.13772 | AUDUSD 0.76384 | NZDUSD 0.7023 | USDCAD 1.30414 | USDCHF 0.95969 | GBPUSD 1.29258 | 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 1.14196 | 1.13744 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 112.425 | 112.162 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.29760 | 1.29289 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.95963 | 0.95613 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.76648 […]
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BOE and BoC Fuel Fresh FX Demand
What started as a Euro rally earlier this week has turned into a resumption of broad based US Dollar selling. Any benefit to the Buck from the Fed meeting earlier this month has now been more than offset by a concurrent wave of hawkishness out from oth…