Last week, Dollar/CAD dropped sharply as the Bank of Canada made its hawkish hike and also on USD weakness. That drop in the greenback was fueled by Yellen’s caution on inflation, weak inflation data and the travails of Trump Junior. The most recent fall comes from politics, but not from Trump. Senate majority leader Mitch [...]
The post USD/CAD settles in lower range on further USD weakness appeared first on Forex Crunch.
EUR/USD is on the move. After hesitating and making baby steps above the former resistance line of 1.1445, the pair finally takes a bigger step. Euro/dollar is well above 1.15 and has set a high at 1.1538. The main driver of the pair is Trumpcare. The failure of Senate Republicans to pass a bill to [...]
The post EUR/USD above 1.15 on Trumpcare failure – levels appeared first on Forex Crunch.
AUD/USD was capped by the April 2016 high of 0.7840 and formed a double top. This did not last too long. A double-whammy of events sent the pair shooting higher. The pair is at the highest level in 26 months. AUD/USD is currently trading at 0.7915 and the high so far has been 0.7923. Will [...]
The post AUD/USD tops 0.79 on RBA bullishness, USD weakness appeared first on Forex Crunch.
