The correction is over. The question now is whether something worse is starting. EUR/USD closed Tuesday at 1.1480, decisively below 1.15 for the first time since early August. GBP/USD fell to 1.3389, down from 1.3501 just days ago. USD/JPY rebounded to 157.05, completing its round trip from the Monday panic low of 152.90. The dollar […]
Monday morning, and the dollar is creeping back. Not dramatically — there’s no headline, no shock. But the drift is clear. EUR/USD has slipped from 1.1628 on Friday to the mid-1.15s, and the tone has changed from the carefree dollar-selling of August to something more two-way. USD/JPY’s recovery to 154.42 after the Monday low tells […]
The monthly close is in, and the scorecard is unambiguous: August belonged to the dollar bears. EUR/USD ends August at 1.1589, up from 1.1544 in July and a massive 2.6% above the June close of 1.1300. GBP/USD closes at 1.3540, its second-highest monthly finish of the year. USD/JPY at 160.12 is the only major where […]
Nothing rallies in a straight line, and the euro’s August surge is taking a well-earned breather. EUR/USD has pulled back from last week’s high of 1.1712 to close at 1.1589, a drop of over a cent in five sessions. GBP/USD retreated from 1.3638 to 1.3540, and USD/JPY actually rose for the first week since the […]
The euro has done it: a daily close above 1.16, at 1.1682, with an intraweek high of 1.1712. EUR/USD has now recovered every pip of the June–July decline and is trading back at levels last seen in mid-May. From the June low of 1.1325, that’s a 3.9% rally — and crucially, it’s happening while the […]