The weakness in the USD is extending.
Catalysts cited include:
- easing trade tensions, or at least not worsened
- expectations of closer Fed rate cuts given the softer CPI
EUR/USD has hit a seven-week high, and other FX is rising alongside, yen and Swissy notably.
CAD, AUD, NZD are all laggards
This article was written by Eamonn Sheridan at www.forexlive.com.The weakness in the USD is extending.Catalysts cited include:easing trade tensions, or at least not worsenedexpectations of closer Fed rate cuts given the softer CPIEUR/USD has hit a seven-week high, and other FX is rising alongside, yen and Swissy notably. CAD, AUD, NZD are all laggards
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
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