Aussie, Euro Slide Headed into European Session Open
Despite yesterday’s sharp rebound across risk-correlated assets at the end of the North American session, the Australian Dollar softened by the end of the Asia session. At the time this report was written, however, the Aussie and the Euro started to move higher once more.
Dollar Puts In Another Volatile Run to Nowhere
Intraday volatility is still quite high even though the absence of a clear and consistent direction has become painfully obvious to market participants. This excessive energy speaks to how sensitive speculative markets are to developments in the financial foundations of the capital markets.
Forex: USD Strength To Accelerate, Euro Weighed By Rate Expectations
The U.S. dollar regained its footing on Friday following a shift in risk sentiment, and the reserve currency may continue to appreciate throughout the North American trade as it benefits from safe-haven flows.