Yesterday, the greenback moved sharply lower against the Canadian dollar despite bullish ADP report and declining crude oil prices as sentiment on the U.S. dollar remained weak after Janet Yellen’s speech. As a result, USD/CAD dropped under important support line. How low could the exchange rate go in the coming days?

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Although today’s ADP report showed that non-farm private employment rose by 200,000 in the previous month (beating expectations for an increase of 194,000), yesterday’s Janet Yellen commentary (Federal Reserve Chair dampened expectations for an upcoming U.S. rate hike) continues to weigh on the greenback. In this environment, EUR/USD extended gains ang climbed to recent highs. Will we see further rally?

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Earlier today, the USD Index slipped under the level of 96 as uncertainty over the timing of the next U.S. interest rate hike weighed on investors’ sentiment. How did this move affect the euro, yen and Australian dollar?

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Yesterday, the Canadian dollar moved sharply lower against its U.S. counterpart as light crude declined under $40 after bigger-than-expected increase in crude oil inventories. As a result, USD/CAD came back above the lower border of trend channel, invalidating earlier breakdown. What does it mean for the exchange rate?

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Earlier today, EUR/USD moved lower against the greenback, which pushed the pair not only below 1.1200, but also under the lower border of the consolidation. What does it mean for the exchange rate?

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