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As you were USD/CAD
The reaction in the USD/CAD to the Fed policy shift last night saw the US dollar fall back to a low at 1.3541. The rebound that followed saw it nail a level highlighted here previously- a former high at 1.3623. The USD/CAD was unable to vault that level at the first attempt and fell back to set a US close at 1.3605. However, earlier today a push back above 1.3623 delivered an extension to a high at 1.3647. Well, the US dollar has long since handed back all of that move and it has now dropped back below the 1.36 handle once more. That move comes as the dollar elsewhere falls back and now the USD/CAD is back around the mid-point of the range seen before all this Fed induced melee played out. The USD/CAD is currently trading at 1.3585
Market News
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S+P 500 rises to new record above 5,850
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US stock markets reopen with early rotation out of the Dow Jones and into the Nasdaq 100
The US stock markets have just reopened and the immediate moves have seen the Dow Jones drop a little further into the red whilst the Nasdaq 100 moves...
