The Traderszone Network

Published in TZ Latest News 2 August, 2014 by The TZ Newswire Staff

Pause In The Dollar’s Rally

By Marc Chandler:

The US dollar had looked like it was finally finding traction. The euro was at its lowest level since last November. Sterling, which had been a market darling, was pushed through its 100-day moving average for the first time since last August, falling about 2.25% since mid-July. The dollar pushed through JPY103 to trade at its best level since April. The Australian and Canadian dollars retreated to their lows from early June.

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