The dollar has traded softer, with USD-JPY ebbing under 110.00 and EUR-USD lifting to the upper 1.11s. There has been some impetus to square positions ahead of Fed chair Yellen's speech tomorrow, which will be a key determiner for markets with regard to Fed tightening expectations. This, along with a fresh gain in oil prices, drove USD-CAD for a second day, which extended losses sparked by the BoC's policy statement yesterday. Brent crude rallied above $50 for the first time since last November, which follows data this week showing bigger than forecast declines in U.S. inventory levels.
from RSS Feed http://ift.tt/1WlEdlm
via IFTTT
No comments:
Post a Comment