Earlier today, the greenback increased slightly, moving away from Friday’s lows, which hit following disappointing U.S. growth numbers. As a result, the USD Index climbed above 95.60, but did this move change anything in the current picture of our six currency pairs?

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Earlier today, official data showed that U.S. gross domestic product in the second quarter (a preliminary reading) increased less than analysts expected, which disappointed market participants and pushed the USD Index sharply lower. What impact did this move have on the euro, pound and yen?

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Yesterday, the Fed left interest rates unchanged, which pushed the USD Index under 97. Earlier today, the greenback extended losses against the basket of major currencies, which resulted in a breakdown under short-term support line in USD/CHF. How low could the exchange rate go in the coming days?

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Earlier today, the U.S. dollar moved sharply higher against the yen after reports from Japanese media suggested that Prime Minister Shinzo Abe and his government will elaborate a fiscal stimulus package bigger than expected. Thanks to these circumstances, USD/JPY bounced off yesterday’s lows and climbed above 105. Will this increase be sustainable and we’ll see higher values of the exchange rate in the coming days?

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Yesterday, the greenback moved sharply higher against its Canadian counterpart as the price of crude oil slipped to the lowest level since late Apr, weighing on the Canadian currency. Thanks to these circumstances, USD/CAD broke above important resistance zone and closed the day above it. Will we see further rally in the coming days?

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