Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
The dollar sold off against the G10 early in the session, with the commodity currencies leading the rally. The EurUsd surged over 200pips trading at the mid 1.41 level, while the UsdJpy gave up most of the prior session’s gains sinking 137pips to […]
Dollar Freefall Continues on Unclear Growth Data and Rising Inflation Expectations
Dollar Freefall Continues on Unclear Growth Data and Rising Inflation Expectations
The trend of dollar weakness continues to dominate FX markets, with the Jpy being the only currency to decline against it. The EurUSd surged 125pips breaking a major resistance point of 1.40, while the UsdJpy trades sideways hovering near the previous session’s close. The GbpUsd […]
Pound Surges On Better Manufacturing Data, Dollar Weakens Vs Yen
Pound Surges On Better Manufacturing Data, Dollar Weakens Vs Yen
UK BRC Retail Sales MOnitor Climbs 4.6% on the Year
We begin with a slew of news out of the UK economy. Retail sales rose 4.6% compared to a year ago, according to the British Retail Consortium, the best figure in three years. It’s another […]