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The US Dollar was mostly little changed this past week, but it did give up gains from early on. As the pair struggles around the 200-day moving average, a falling wedge is brewing on the 4-hour chart.
Gold and silver have both benefitted from a weaker dollar but silver is the standout of the two metals. Gold consolidating at stern resistance, silver continues higher
The US Dollar set a fresh low on Tuesday but bears weren't able to take control after, with a series of higher-lows showing in USD on the daily chart into the end of the week.
The Dollar sell-off following Friday’s CPI number has the DXY running lower towards the 200-day MA.
The pound may appear to have turned a corner when viewed against the dollar but wider comparisons confirm that GBP remains under pressure