Dollar Versus Loonie and Pound March 27th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell off of a cliff on Monday as the oil markets heated up. The comments of extended low rates by Ben Bernanke did nothing positive for the Dollar, and as a result we find that the stock markets, futures markets, and currency markets all went risk-on.

The GBP/USD is approaching the 1.60 level, and by the looks of things - we could see a breakout. This pair will continue to follow the indices around the world, and with cheap money, it looks as if we are going to see both stocks and this pair higher.

Published on 26th of March 2012
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