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Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.
Key risk events today: UK Public Sector Net Borrowing; Canadian CPI m/m, Common CPI y/y, Median CPI y/y and Trimmed CPI y/y; FOMC Meeting Minutes. EUR/USD: Snapping a five-day losing streak and adding more than 0.20%, Europe’s shared currency explored higher ground against the US dollar Tuesday, with the US dollar index suggesting a revisit … Continue reading Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.
Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.
Key risk events today: German PPI m/m; Canadian Manufacturing Sales m/m. EUR/USD: The euro was a shade lower on the dollar Monday, incapable of gathering steam above 1.11. Measured against a basket of six major currencies, the US dollar index explored higher ground, currently poised to approach 98.50. This strong-armed the EUR/USD lower from H4 … Continue reading Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.
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