US dollar drives the major currency pairs
An excellent US forex trading session, which was in sharp contrast to earlier in the day, with the US dollar providing some excellent trading opportunities across the majors, with the NZD/USD and the USD/CAD leading the way. The US news centred about PPI and Unemployment with both coming in better than expected, with PPI coming in at 0.6% against a forecast of 0.3 and unemployment claims falling below the 200K level.
As always it was the currency strength indicator leading the way, with the currency array and currency matrix confirming the strength of buying in the US dollar across the complex, which was helped further following the economic data.
Source: https://www.annacoulling.com/forex-trading/us-dollar-drives-the-major-currency-pairs/
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