The US dollar performed very poorly last week despite the better-than-expected employment report. This week will have a couple important macroeconomic releases as well as a monetary policy meeting of the US central bank. Yet it is very likely that factors outside of the United States will have a bigger impact on the greenback.
The US dollar versus the Japanese yen currency pair lost part of the gains made last week. Is this a bearish win or the bulls are preparing their new march towards 110.29 from better prices?
The Australian dollar versus the US dollar currency pair reached an important resistance area. Both the bulls and bears could use this it for good alignment in the market, but the question is which of them will take control?
The US dollar versus the Japanese yen currency pair appreciated after the bulls managed to pull themselves together.
The New Zealand dollar did not move far today, either staying flat or rising just a bit against its most-traded rivals. Domestic macroeconomic data was relatively decent but it did not have a material impact on the currency’s performance. Trading is expected to be light ahead of the Thanksgiving holiday in North America.
The Australian dollar versus the US dollar currency pair looks as if it is under bearish control, but bullish sings are also in the loop.
The US dollar versus the Japanese yen currency pair is in an appreciation phase, but the bears are doing everything in their power to stall further bullish advancement. From this battle, who will come out as victorious?
The Japanese yen was rising intraday on the persisting concerns about the US-China trade talks. But currently, the yen has fallen against all other most-traded rivals. Domestic macroeconomic data could not be blamed for the fall as today’s report was rather good.
The Japanese yen rose against other major currencies today amid growing skepticism about chances for a trade deal between the United States and China. Japan’s trade balance failed to meet expectations but that had hardly any noticeable impact on the yen.
The US dollar did not fare well last week, either falling or staying flat against its most-traded rivals. What events will be influencing the greenback this week and what traders can expect from the US currency?
