Boris and Kathy Forex Weekly – 5/12/2016 – Commodity Dollars

For the first time in a few weeks, the U.S. dollar did not extend its gains against all of the major currencies. The greenback pulled back versus the euro, British pound, Canadian and New Zealand dollars and only reached higher versus the Japanese Yen. The uptrend is finally exhausting with investors disappointed by the latest U.S. jobs report and the market fully discounting a 25bp rate hike from the Federal Reserve later this month.

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