A big bulk of US data was released and all the data looks good. Will this allow the US dollar to recover? Yesterday we have seen excellent retail sales and rising inflation send the greenback higher but this was very short-lived. The US dollar was on the back foot ahead of the publication and is indeed [...]
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EUR/USD is battling the 1.0650 level but this battle is not over. The pair bounced off low support yesterday when positive US data came out and continued moving higher, trading in nice ranges. The US dollar is showing weakness across the board. Janet Yellen’s upbeat comments and the strong retail sales and inflation figures were helpful [...]
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Yellen pushed the greenback higher and so did the data. Initially. The strength did not last too long. What’s next? Here is their view, courtesy of eFXnews: Today’s siren song in currency markets is of upcoming Fed hikes, with many investors being lured into bullish dollar positions. Admittedly, the dollar has bounced on yesterday’s hawkish [...]
The post USD: After Fed Yellen’s Testimony: Staying Bearish And Looking To Sell Rallies – Nomura appeared first on Forex Crunch.
