USD/CAD, USD/JPY Seen as Most Resilient USD-Pairs
- See the May forex seasonality report.
The US Dollar is faring better against some currencies (AUD, CAD, JPY) rather than others, which have proven to be more resilient (EUR, GBP). Nevertheless, the bottoming potential in the USDOLLAR Index persists, pulling into focus today's US inflation data as a potentially important catalyst.
See the above video for technical considerations in EURUSD, GBPUSD, USDJPY, USDCAD, and the USDOLLAR Index.
--- Written by Christopher Vecchio, Currency Strategist
To contact Christopher Vecchio, e-mail firstname.lastname@example.org
Follow him on Twitter at @CVecchioFX
To be added to Christopher’s e-mail distribution list, please fill out this form
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.