Boris and Kathy Forex Weekly – 24/10/2016 – Commodity Dollars
October 23, 2016 10:31 pm
Boris and Kathy Forex Weekly – 24/10/2016 – Commodity Dollars
The U.S. dollar traded higher against all of the major currencies last week with particularly big moves seen in the euro and Canadian dollars. Both currencies dropped to 7 month lows versus the greenback. Over the past week forex traders were focused on divergences in monetary policy. We learned that the Bank of Canada is actively thinking about easing, that the European Central Bank is still open to more stimulus in December and that the Australian economy may not be doing as well as the Reserve Bank suggests.
Boris and Kathy Forex Weekly – 24/10/2016 – Commodity Dollars
The U.S. dollar traded higher against all of the major currencies last week with particularly big moves seen in the euro and Canadian dollars. Both currencies dropped to 7 month lows versus the greenback. Over the past week forex traders were focused on divergences in monetary policy. We learned that the Bank of Canada is actively thinking about easing, that the European Central Bank is still open to more stimulus in December and that the Australian economy may not be doing as well as the Reserve Bank suggests.
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