|Day's range||1.313 - 1.316|
|52-week range||1.2919 - 1.3562|
Invesing.com – The dollar edged higher against its rivals Wednesday, as bullish housing data strengthened expectations that the U.S. economy will remain on solid footing.
Investing.com - The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant.
More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.
The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.
On Thursday, the U.S. Senate overwhelmingly approved the new free-trade agreement between Canada, the United States and Mexico. The deal, which covers the biggest free-trade zone in the world, should boost the economies of all three countries.
Invesing.com – The U.S. dollar fell Wednesday on data showing inflation remained muted, while the conclusion of the U.S.-China phase one trade deal had a muted impact on the greenback.
China’s trade surplus widens ahead of tomorrow’s signing. It remains to be seen whether the numbers will catch the President’s eye…
Investing.com – The pound pared some of its losses Monday against the dollar after falling to a two-and-a-half-week lows as softer U.K. economic data strengthened expectations for a Bank of England rate cut. But an analyst said traders should "buy the dip."
Last week was week of comebacks. It was a week of small, mid-term corrections, going against the main long-term trend. Corrections are useful, they create an occasion to jump in into a trade for those who were initially late. Thanks to corrections, they can open trades with more desirable prices.
The Pound is in focus today, with key stats to influence sentiment towards BoE monetary policy. Brexit will also be in focus on the day.
Investing.com – The U.S. dollar was flat on Friday as data showing the U.S. economy created fewer-than-expected jobs in December did little to suggest the Federal Reserve needs to move off the sidelines.
The technicals indicated high likelihood of an upswing, and the pair obliged by moving higher recently. Great, but with quite a move behind us already, let’s assess further appreciation potential as it stands right now.
Invesing.com – The U.S. dollar inched higher Thursday, on improved risk sentiment amid optimism that the U.S-China trade war may be nearing an end and easing tensions in the Middle East.
Invesing.com – The U.S. dollar climbed Wednesday as risk appetite bounced back after President Donald Trump signaled de-escalation in conflict with Iran despite the Islamic Republic launching several attacks on U.S. forces in Iraq.