Boris and Kathy Forex Weekly – 19-02-2018 – Crosses
February 18, 2018 9:36 pm
After selling off relentlessly in early February, U.S. equities stabilized over the past week. Unfortunately the recovery in stocks provided zero relief to the U.S. dollar, which extended its losses against all of the major currencies. The Japanese Yen was the best performer, but EUR/USD hit the biggest milestone rising to its strongest level since December 2014. With the panic selling over, high beta currencies like the euro and the Australian dollar rebounded as volatility retreated.
After selling off relentlessly in early February, U.S. equities stabilized over the past week. Unfortunately the recovery in stocks provided zero relief to the U.S. dollar, which extended its losses against all of the major currencies. The Japanese Yen was the best performer, but EUR/USD hit the biggest milestone rising to its strongest level since December 2014. With the panic selling over, high beta currencies like the euro and the Australian dollar rebounded as volatility retreated.
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