Yesterday’s momentum carried over to today and most crosses extended their weekly ranges. Exceptions were USD/CAD and NZD/USD, suggesting the loonie and kiwi might be most vulnerable to pullbacks.
In almost all case, the markets is back near yesterday’s closes. The weak effort suggests the appetite to sell the US dollar is satisfied for the week. As the hours wind down, look for some further consolidation.
daily changes with highs and lows
In the US afternoon, we get a healthy dose of Fedspeak from Tarullo, Evans, Dudley and Stein.
