Before:
The Dollar was pretty unresponsive to the deluge of US data before the long Thanksgiving holiday weekend, but early month end rebalancing could prompt more activity and renewed downward pressure as at least one prominent bank model signals strong selling for portfolio purposes. Indeed, the Greenback has slipped again and the DXY retreated back below 92.000 to a marginal new session low (91.927) after regaining some poise with the assistance of weakness in other major rivals.
USD/CAD can now see more downside movement as we are now printing into a new low. 1.2800 coming...
The Dollar was pretty unresponsive to the deluge of US data before the long Thanksgiving holiday weekend, but early month end rebalancing could prompt more activity and renewed downward pressure as at least one prominent bank model signals strong selling for portfolio purposes. Indeed, the Greenback has slipped again and the DXY retreated back below 92.000 to a marginal new session low (91.927) after regaining some poise with the assistance of weakness in other major rivals.
USD/CAD can now see more downside movement as we are now printing into a new low. 1.2800 coming...
