July 4th has come and gone yet the dollar rally is here to stay. There are 3 things driving the US dollar higher today:
1. Hawkish Comments from Janet Yellen

San Francisco Fed President Janet Yellen spoke in San Diego this morning. Like her counterparts at the Fed, she is paving the road for a [...]

Posted in ECB, dollar rally 2 Comments »

My team at DailyFX just published our third quarter currency market forecasts. Definitely worth a read:
EUR/USD (Link to Fundamental and Technical Outlook)
- Oil is Determining Fed Policy
- Federal Reserve: A Third Quarter Rate Hike?
- When Will the US Consumer Buckle?
- Labor Market: String of Job Losses Set to Continue
- The US Dollar At or [...]

Posted in Australian Dollar, British Pound, Canadian Dollar, Currency forecasts, Japanese Yen, New Zealand dollar, euro 1 Comment »