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The dollar has dropped alongside yields and US economic data as markets look forward to rate cuts in 2024. USD catalysts return after the holiday affected trading week
The Japanese Yen has struggled to find its footing even after the BoJ eased restrictions on bond yields. Today, the yen in on track for its fourth straight day of gains
The rise in US equities has been fast and sharp, spurred on by weaker US data. Few scheduled risk events next week leave the door open for further gains
In this article, we’ll focus on EUR/USD, USD/MXN and USD/CAD from a technical perspective, taking into account price action dynamics and market sentiment.
EUR/USD was the main beneficiary of the dollar’s massive slide late on Friday after markets reduced the likelihood of another US hike amid slowing jobs data