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USD/JPY attempts to negate Tuesday’s losses

USD/JPY attempts to negate Tuesday’s losses

"The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn't really worry about the U.S. policy makers going after a weak currency." – Allen Sinai, Decision Economics (based on Bloomberg) USD/JPY ...

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Historical Patterns Suggest Support In USD/JPY

Historical Patterns Suggest Support In USD/JPY

Trump Rally Takes A Break The two-month “Trump Rally” saw the US Dollar soaring against the Japanese Yen, helped along also by the BOJ’s “yield-curve control” approach which has kept JGB yields subdued amidst rising global yields. A lot of ...

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USD/CAD plummets on Tuesday

USD/CAD plummets on Tuesday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength."  - Tyler Yell, Daily FX USD/CAD Outlook During the ...

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Canadian dollar: Best Performer Against US Dollar

Canadian dollar: Best Performer Against US Dollar

Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight cents ...

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NZD/USD skyrockets on Greenback weakness

NZD/USD skyrockets on Greenback weakness

"Right now, (traders) are probably waiting for the inauguration, to what type of speech President-elect Trump presents." – Joseph Trevisani, WorldWideMarkets (based on Reuters) NZD/USD Outlook By mid-day on Tuesday the Kiwi had gained almost 100 pips against the US ...

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GBP/USD surges ahead of UK May’s speech

GBP/USD surges ahead of UK May’s speech

"Every time there's 'hard Brexit' headlines, that triggers a fresh bout of selling sterling." – MUFG (based on Business Recorder) GBP/USD Outlook As was anticipated, the British Pound partially recovered from the bearish gap yesterday, but with the 1.21 level ...

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USD falls as demand for safe haven Yen rises

USD falls as demand for safe haven Yen rises

"The risk-averse sentiment stemming from 'hard Brexit' (worries) is pushing down the dollar/yenю But so far, I think the correction from the dollar/yen's high in December, and concerns about stronger protectionism under the new US presidency, have been the dominant ...

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US Dollar Index: How Long The Retracement May Last ?

US Dollar Index: How Long The Retracement May Last ?

For the past few weeks, the US Dollar Index failed to break above 103.0 resistance area for more than three weeks, leading to a short-term correction to the downside, which seems to perfectly technical for the time being. However, the ...

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USD/CAD unchanged on Monday

USD/CAD unchanged on Monday

"Given the commodity dollar-bloc strength, it's fair to think that the momentum could continue, which would likely translate further into both technical and fundamental favor likely leading to further CAD strength." - Tyler Yell, Daily FX USD/CAD Outlook The US ...

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