USD/CAD’s break of 1.4005 minor support dampened the original bullish view, and suggests that recovery from 1.4002 has completed at 1.4127. Correction from 1.4247 is extending with another falling leg. But even so, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954) to bring rebound. On the upside, […]
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The dollar regained traction in early Thursday trading and recovered part of Wednesday’s post-Fed 0.6% drop, which pushed the US currency to the lowest since July 20. The US central bank left rates unchanged at Read more…
USD/JPY held near 163.50 on Thursday, with the yen retreating slightly after strengthening in the previous session. The currency had been supported by a broader dollar decline following the Federal Reserve’s decision to keep interest Read more…
• The US dollar has fallen on fears that the Fed will not raise interest rates. • Positive policy outlook, including the BoE’s hawkish rhetoric, will support the pound. The US dollar suffered its sharpest Read more…