Boris and Kathy Forex Weekly – 03/10/2016 – Commodity Dollars
October 2, 2016 10:35 pm
Boris and Kathy Forex Weekly – 03/10/2016 – Commodity Dollars
The U.S. dollar ended the week lower against most of the major currencies. The Yen was the only currency to underperform the greenback. AUD, NZD and CAD enjoyed the largest gains but at less than 0.7%, the rally is nominal. This past week was suppose to be a quiet one in the foreign exchange market but between OPEC’s decision to cut oil production for the first time in 8 years and the brewing banking crisis in Europe, we’ve seen a sharp increase in volatility across the financial markets.
Boris and Kathy Forex Weekly – 03/10/2016 – Commodity Dollars
The U.S. dollar ended the week lower against most of the major currencies. The Yen was the only currency to underperform the greenback. AUD, NZD and CAD enjoyed the largest gains but at less than 0.7%, the rally is nominal. This past week was suppose to be a quiet one in the foreign exchange market but between OPEC’s decision to cut oil production for the first time in 8 years and the brewing banking crisis in Europe, we’ve seen a sharp increase in volatility across the financial markets.
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