Dollar Versus Loonie and Euro September 6th

FX Strategy Video > Currency Pairs Analysis

The USD/CAD pushed higher on Monday, but is showing signs of slowing down at the all-important 0.99 mark. With parity being just above, it appears that the knee-jerk reaction to the Friday Non-Farm Payroll report is a little overdone at this point.

The EUR/USD pair continues to fall, but is at a massive support area. With the small bounce we saw in late trading on Monday, it looks as if we could bounce and continue our recent consolidation in this pair.

Published on 5th of September 2011
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