Boris and Kathy Forex Weekly – 19/12/2016 – Commodity Dollars
December 18, 2016 10:47 pmVideo
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Boris and Kathy Forex Weekly – 19/12/2016 – Commodity Dollars
It was another great week for the U.S. dollar. The greenback rose 2% versus the Japanese Yen, Australian and New Zealand dollars. The move was driven by hawkish comments from the Federal Reserve who plans to continue raising interest rates in 2017. However after such extended moves, it is natural to expect profit taking especially with trading activity, volume and liquidity declining over the next 2 weeks.
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