Earlier today, the USD Index extended gains and hit a fresh eight month high of 100.13. What impact did this increase have on the euro, British pound and Canadian dollar?

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Although yesterday’s data showed that existing home sales dropped by 3.4% to 5.36 million units in Oct (missing analysts’ forecasts for a 2.3% fall), demand for the greenback continued to be supported by expectations that the Fed would raise interest rates next month. Thanks to these circumstances, USD/CHF hit a fresh Nov high and approached the Jan high. Will this resistance encourage currency bears to act in the coming days?

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Earlier today, EUR/USD extended losses as increasing expectations that the European Central Bank will scale up its monetary easing program next month continue to weigh on investors’ sentiment. In this environment, the exchange rate slipped to its lowest level since mid-April. How low could the pair go?

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Although the USD Index gave up some gains yesterday, the U.S. currency remains quite close to the seven month high as hopes that the Federal Reserve will raise interest rates on its next meeting in Dec continue to support the greenback. Will the current picture of our six currency pairs give us more clues about future moves?

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Yesterday, the USD Index extended gains and climbed to an intraday high of 99.97 on hopes that the Federal Reserve will raise interest rates on its next meeting in Dec. This improvement encouraged investors to take profits from the greenback’s rally, which resulted in a small pullback earlier today. What impact did this move have on the euro, Canadian dollar and Swiss franc?

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