The Traderszone Network

Published in TZ Latest News 14 June, 2014 by The TZ Newswire Staff

FX: Diverging Performances

There was a clear divergence in the performance of the major currencies over the past week. Simply put, the dollar-bloc was strong, and the continental European currencies were weak.


Sterling, with the help of Carney’s warning that a rate hike could be delivered sooner than the market thinks, remained sympatico with the dollar-bloc. The New Zealand dollar led the majors, and was rewarded for the hawkishness of its central bank as well.


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