Dollar Versus Loonie and Franc November 17th

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a wild day on Wednesday as the oil markets broke above the $100 level - pushing demand for the Loonie higher, while the markets were rocked by fear of contagion out of the EU - pushing demand for the Dollar higher. With this in mind, we look at the consolidation area.

USD/CHF had a fairly flat session as well. However, the pair is trending to the upside at the moment, as as long as the USD is considered a "safe haven", there should be a bid for this pair. We see 0.93 as key to a bull move again.

Published on 16th of November 2011
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