Arrangement of various world currencies including Chinese Yuan, Japanese Yen, US Dollar, Euro, British Pound, Swiss Franc pictured in Warsaw

A storm is brewing – USD a rising star for no reason

After last weeks horrendous US NFP data dwarfed the ECB decision to take interest down to .05%  – the markets are still not convinced that the US is in trouble. The EURUSD rate is toying with 14 months lows and the GBPUSD has killed all the bulls en-route since mid July. The strength of the USD is based on nothing it appears but the weakness in Euro data and Scotland’s recent drive for independence is pummeling the rates here. Bears are here for a while longer as the EUR zone struggles to find its feet as we previously stated and the UK fight the Scottish agenda.

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  1. Pingback: AUDUSD edges lower before employment data | Rao Companies - Investing Intelligence

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