It has been a rough week for the US dollar. The greenback traded lower against all of the major currencies falling to multi-month and in some cases, multi-year lows in the process. USD/JPY which has been consolidating in a tight range for more than a week finally broke down on Friday, dropping below 106 to its weakest level in 4 months. The dollar’s weakness was the most pronounced against the euro and Australian dollar – EUR/USD rose to its highest level since September 2018 while AUD/USD hit a one year high. Chances are, investors will continue to sell US dollars in the coming week for the following reasons: #1 – ... (full story)