Forex Investment and Currency Trading

USD
The dollar has continued its recovery in the aftermath of the Paulson/Plosser comments. With many of the heavyweight US financial firms having reported Q2 earnings, the focus is likely to shift back to the relative fundamental outlook in the coming days. A better environment towards risk and the resilience of US equity markets suggests [...]

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Overnight USD/CAD Movement
Asia: Although weakness in crude oil prices sustained a bid tone in USD/CAD overnight, the pair did return below 1.0100 at the North American open as Canadian CPI was stronger than expected. There were no major deal flows noted during the Asian session, with the soft tone in crude oil prices attracting buying [...]

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USD breaks below key support levels against the major currencies.
USD/CAD tests 0.9979 after EUR/USD moves to new all-time highs.
Resistance at 1.0027 and 1.0052 is expected to contain valuation-driven retracements for a move to short-term support at 0.9971 and 0.9932.

Asia: USD/CAD broke below parity overnight as the USD moved to a new all-time low versus the [...]

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