When the US dollar can't rally on non-farm payrolls and retail sales...

Author: Adam Button | Category: News

Here are the G10 FX returns since the close on Thursday

Despite a strong non-farm payrolls report and upbeat retail sales, the US dollar has only managed to eek out a small gain against the Swiss franc while the kiwi was crushed by a surprise rate cut with a dovish outlook.

If something can't rally on good news, it doesn't bode well for the rest of the time.

The euro was hit with headlines about Greece walking away from the table today and it's been grinding higher for a few hours.

I'm a US dollar bull and it would be good to squeeze out a few of the weak hands, but I don't think it's happened yet. Gotta be cautious about the US dollar right now.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose