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
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