The U.S. Dollar was mixed in the overnight session, but of note was the shift back into the commodity currencies, with the Aussie and the Kiwi the two strongest major currencies early in Monday’s session.
The U.S. Dollar was mixed in the overnight session, but of note was the shift back into the commodity currencies, with the Aussie and the Kiwi the two strongest major currencies early in Monday’s session. The Swiss Franc was the weakest among the major currencies as traders ramped up bets of further stimulus by the world’s central banks in order to trade growth opportunities at the expense of higher price pressures. With four central bank decisions this week, as the North American session picks up, volatility will increase throughout the latter half of the week.
