Trade suggestions thread: The greenback is instantly weak version – ForexLive
Not a excellent working day for the greenback
The weak ISM figures place a squeeze on the US greenback, main to a inadequate working day proper across the board. Even with risk aversion kicking in, the greenback slumped from the kiwi and Australian greenback. I consider that paradigm can only proceed in a minimal transfer, as sooner or later the risk trade normally takes over.
The massive occasion on the calendar these days is the RBA final decision. The industry is pricing in just an 8% likelihood of a charge lower these days but that rises to 54% at the future conference, which is Feb 2.
Here is a glance at the conclude-of-working day Fx moves.
What trade are you in? What trade are you thinking about?
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