Dollar Versus Loonie and Pound September 14th

FX Strategy Video > Currency Pairs Analysis

USD/CAD pair fell during the session on Thursday as Ben Bernanke announced further easing by the Federal Reserve in the US. The extended and expanded measures support a lower Dollar and higher asset prices. Because of this, the Canadian dollar rallied right along with oil and other commodities.

The GBP/USD saw gains as well during the session, and now looks set to run to the 1.63 handle. The pair looks like a "buy on the dips" type of market, and as such this is exactly what we are doing.

Published on 13th of September 2012
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