USD/JPY extends winning streak as US Dollar rebounds, US data awaited

USD/JPY extends winning streak as US Dollar rebounds, US data awaited

The post USD/JPY extends winning streak as US Dollar rebounds, US data awaited appeared on BitcoinEthereumNews.com. The USD/JPY extends its winning streak for the third trading day on Tuesday, trades 0.24% higher to near 156.00 during the European trading session. The pair strengthens on continued US Dollar’s (USD) outperformance, following Kevin Warsh’s nomination for Federal Reserve’s (Fed) new Chairman and the upbeat United States (US) ISM Ma…

Solid data helps the dollar rebound, for now

USD The US dollar extended Friday’s rebound through Monday as markets digested the implications of Kevin Warsh’s nomination as Fed chair and a surprisingly strong ISM manufacturing PMI, which jumped back into expansion territory. The dollar index traded around 97.5 by Tuesday morning after Monday’s data release, with yields edging higher. Overnight, the RBA hiked by 25bps, taking the policy rate to 3.85%, putting the aussie on the front foot, wh…

USD/CAD rises as strong US PMI and falling Oil prices weigh on the Loonie

The Canadian Dollar (CAD) extends its losses against the US Dollar (USD) on Monday, as renewed Greenback strength and falling Oil prices weigh on the commodity-linked Loonie. At the time of writing, USD/CAD is trading around 1.3676, up about 0.44% on the day.