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U.S. Dollar Pulls Back From Multi-Week Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
U.S. Dollar Index is losing some ground as traders take some profits off the table near multi-week highs. Traders also stay focused on recent developments in the Middle East. Iran and Israel attacked each other but agreed to halt attacks after President Trump intervened. WTI oil is up by just 1% as prices have already pulled back from session highs. Interestingly, the clash between Iran and Israel did not raise demand for the American currency. In case U.S. Dollar Index stays above the resistance at 99.70 – 99.85, it will head towards the next resistance level, which is located in the 100.50 – 100.65 range. On ... (full story)
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From forex.com | Jun 8, 2026
AUD/USD might be the Fed and risk appetite show right now, but I honestly think today's NAB business survey for May has the potential to deliver some meaningful market impact. The risks around the internal activity measures look skewed heavily to the downside in my opinion, potentially providing the catalyst for a move in the Aussie. If there's ever going ...