US Dollar (DXY) Soft Ahead of US Durable Goods Data

US Dollar (DXY) Soft Ahead of US Durable Goods Data

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The US dollar basket (DXY) slipped lower Thursday after a weak set of US PMI readings. Ahead the first look at US durable goods which is expected to show a sharp decrease from last month’s mult...

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Weekly currency forecast

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Market Outlook

US
Market
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It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.
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EURO
Market
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EURUSD may get a lift from US durable goods orders as the US economy continues to show weakness, especially in light of recent developments in the US-China trade war.
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ASIA
Market
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USD/JPY is aiming for chart support as trade war fears and dismal US PMI data sunk the S&P 500. Meanwhile, the Canadian Dollar extended declines as crude oil prices fell over 5 percent.
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