April 17, 2015: GBP is the strongest. US dollars weakest.
The USD continues to be under pressure as the weaker data and a more apprehensive Fed has traders ditching the greenback. The GBP is the strongest as jobless benefits came in at at 40 year low. Wages - ex bonuses - rose to 1.8% from 1.6% in the last 3 months. The GBPUSD is back above 1.5000.
The EURUSD is shrugging off the Greece situation as the market is getting more comfortable with the idea. The EURUSD moved above the 100 and 200 bar MA/50% retracement on the 4-hour chart and has been able to hold the line. The buyers are in control.
Below is a snapshot summary of the major currencies vs. each other.
PS. The dollar is the weakest currency of the majors this week- falling against all the major currency pairs. It is weakest against the CAD as higher oil prices has led to a break of the USDCAD to the downside. Below is a snapshot of the % change over the last 5 trading days.
