USD/CAD ADVANCES TO WEEKLY HIGHS NEAR 1.3330 ON UPBEAT US DATA 15 August 2019, 16:10 Retail sales in US rose more than expected in July. WTI recovers to $55 to help CAD limit its losses. US Dollar Index turns positive on the day near 98 on upbeat data. The USD/CAD pair gained traction in the last hour and rose to its highest level in a week at 1.3331 as the...
#EURUSD technical analysis: Euro under pressure at weekly lows, sub-1.1106 level
The US Dollar ran into resistance yesterday but as yet, buyers haven’t let up as a series of short-term higher-lows has shown below recent price action.
Today's data from the US revealed that the core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve preferred gauge of inflation, ticked up to 1.6% in June but fell short of the market expectation of 1.7%. Nevertheless, the market reaction to the data stayed muted as investors remain on the sidelines ahead of tomorrow's FOMC...
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