The greenback is the best performing major currency thus far
For all the worries after the U-turn seen on Friday, we're back at trading near those levels once again now. The dollar is trading at the highs for the day currently, with the dollar index up by a little over 0.2%:
We've now entered into yet another key "make or break" moment for the dollar index as price now trades inside the resistance region between 95.15 to 95.53. And it looks like as I type this, the momentum just keeps going with EUR/USD now falling to a low of 1.1626 as GBP/USD also falls to a low of 1.3084.
Meanwhile, USD/CAD is up to a high of 1.3235 as AUD/USD and NZD/USD falls to a low of 0.7353 and 0.6755 respectively.
It's all about the dollar right now, and buyers look to maintain the momentum to break higher. Watch out for a possible test of the 95.53 level. If that gives way, expect the dollar's run to take flight.
