XE Market Analysis: The Aussie Shows Kangaroo-like Qualities

OVERVIEW Sterling took a pounding yesterday from 1.2240 to 1.2080 as higher US house prices helped strengthen the US dollar while domestic politics in the UK weakened Sterling. The Canadian Dollar continues to weaken gradually to 1.3350 against the US Dollar despite a gradual strengthening in oil prices. The Swiss Franc had a sudden move yesterday as the SNB started to step up its rhetoric with regards to the strength of the Swiss Franc. The range in EUR/USD remains in place between 1.08-1.13, which has contained volatility over the last 3 months. HIGHLIGHT The Australian Dollar bounced on the back…

Source: XE news feed
XE Market Analysis: The Aussie Shows Kangaroo-like Qualities