The Dollar Index breaks on the fourth consecutive soft print

The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday’s data finally did it. July retail sales contracted 0.6% against a consensus for a 0.1% gain, preliminary August consumer sentiment landed at 51 […]

Bears target the 200-day SMA

USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July. The recent strength in the Canadian Dollar (CAD) is driven by broad US Dollar (USD) weakness and relatively stronger Canadian economic […]

Japanese Yen holds as soft US data meets a weak Yen

USD/JPY is holding near 159.40 at the time of writing, with little change on the day. A weak United States (US) Consumer Sentiment reading nudged the Dollar lower, but the pair has stayed close to where it started. The University of Michigan’s preliminary Consumer Sentiment Index dropped to 51 in August from 55.2, well below […]