Donald Disillusion: Dollar Sells Off Across The Board

After the upbeat FOMC meeting minutes failed to boost the greenback, a second wave of selling is seen in the following US session. The release of the weekly jobles claims seems to serve as an excuse or the trigger for a bit more of selling off.

Weekly unemployment claims stood on 244K, very marginally worse than 244K but still in line with recent lows.

What is wrong with the dollar? This may be part of the Donald Dissilusion, as well as other factors.

  • EUR/USD is trading aroudn 1.0580. Support awaits at 1.0520 and resistance at 1.0650. The common currency is sensitive to the opinion polls coming out of France.
  • GBP/USD is hugging the 1.25 levels. An updated report on immigration failed to move sterling.
  • USD/JPY stands out with a big fall, trading around 112.72. Low support is at 111.40.
  • USD/CAD is under 1.31 once again. Support awaits at 1.30. Jitters in oil prices hurt.
  • AUD/USD defies the weak Capital Expenditure report, which was certainly worrying, and climbs over 0.77. Resistance awaits at 0.7740.
  • MZD/USD is tackling resistance at 0.7230.

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