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US dollar retains a firmer tone, euro losing the bid - ANZ

From fxstreet.com

Analysts at ANZ explained that the US dollar retained its firmer tone overnight as US bond yields continued to edge higher and some of the post ECB rally in EUR/USD unwound further. Key Quotes: "China’s move last Friday to free up yuan forwards trading is likely also continuing to play a role. The US July JOLTS report came in at a record high, which coupled from comments from US Treasury Secretary Mnuchin expressing confidence about getting tax reform through, underpinned expectations that solid US growth will continue. GBP was firmer following the higher-than-expected inflation print for August. The market is ... (full story)

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  • Category: Fundamental Analysis