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Published on Nov 23, 2016
The
focus today is on equities, as all the major U.S. market indices hit
new all-time highs. The U.S. Dollar has ceased to advance and holds
tight as focus shifts to the FOMC meeting minutes release due later.
The EUR / USD currency pair looks to be finding some support below 1.0600, close to the key buying level of 1.0550.
The
USD / JPY currency pair is still the key pair where the U.S. Dollar is
strongest, but it is having trouble holding up above 111.00 and is
beginning to consolidate.
The AUD / USD currency pair is showing
some strength, with the AUD the strongest currency of the past two days.
However, there is no reason yet to see this as more than a retracement.
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