FX Closing Bell July 07, Dollar Stands On Shoulders Of Bruised GBP, JPY As CAD Rockets Higher
A headline beat for US NFP kept USD afloat against weaker currencies, but the CA employment data kept the Canadian Dollar train rolling to new 2017 highs.
• USD/JPY trades above 114 as BoJ announces unlimited front-end bond purchases
• EUR/USD finds temporary resistance near 1.1450 and GBP/USD at 1.30
• CAD surges to 2017 highs despite Oil trading at extreme range of November low
• Sentiment Highlight: USD/JPY trend appears undeterred as retail Bears’ arise the trade