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Trader, analyst and instructor with a 6-year experience

September 9: Asian session

FXBAZOOKA.com  -  The US dollar resumed growth versus all the major currencies as expectations for an earlier Fed Fund rate rise increased. The San Francisco Federal Reserve published a research showing investors are pricing in a lower chance for interest rate hikes then members of the Fed itself. DXY index approached the July 2013 peak of 84.753 on the news.

EUR/USD fell to a fresh 14-month low of $1.2867. Investors avoid the single currency following the ECB easing announcement on Thursday. Meanwhile, GBP/USD hit a 10-month low of $1.6065 on worries that Scotland may vote for secession on Sept. 18 referendum. A  TNS poll on Tuesday confirmed a surge in “Yes” votes. Strong BRC retail sales data couldn’t stop the GBP selloff. USD/JPY renewed a 6-year high, hitting 106.30. 

 

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