XE Market Analysis: North America – Mar 26, 2020

Dollar weakness emerged as the dominant theme in currency markets, even against the commodity currencies amid a risk-off backdrop, while managed to rebound from weakness seen during the early part of Asia-Pacific session trading today. AUD-USD, for instance, printed a two-day low at 0.5780 in Sydney before recouping a big figure to a 0.5881 high. The pair still remains well off its Wednesday peak at 0.6074. USD-CAD dropped to a nine-day low at 1.4115, despite a concurrent 3% drop in oil prices, which is testament to the impact that the Fed’s tap of unlimited dollar supply is having.

Source: XE news feed
XE Market Analysis: North America – Mar 26, 2020