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  • FX Closing Bell July 07, Dollar Stands On Shoulders Of Bruised GBP, JPY As CAD Rockets Higher

FX Closing Bell July 07, Dollar Stands On Shoulders Of Bruised GBP, JPY As CAD Rockets Higher

By on March 1, 2021 0 25 Views
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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.

Highlights:
• 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

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