Forex Today: Geopolitics and Canadian jobs steal the show
The post Forex Today: Geopolitics and Canadian jobs steal the show appeared on BitcoinEthereumNews.com. The US Dollar (USD) navigated a narrow range on Thursday, building on the previous day’s losses and briefly reaching multi-day lows. In the meantime, geopolitical tensions continued to make the rounds, while investors seemed to have largely ignored the cautious tone in the FOMC Minutes on Wednesday. Here is what you need to know on Friday, July 10: The US Dollar Index (DXY) had kept the bearish tone for the second straight day on Thursday, although it managed to bounce off earlier lows and dispute the 101.00 region afterward. Next on tap on the USD docket will be the release of the always-relevant inflation figures tracked by the Consumer Price Index (CPI) on July 14. EUR/USD has clinched its second consecutive daily advance on Thursday, although gains appear to have met a tough nut to crack around 1.1450. Final inflation data in Germany are due alongside the speech by the ECB’s Vujc