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New highs for the USD, but the ranges vs majors is limited

November 6, 2023
in Forex
Reading Time: 1 min read
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New highs for the USD, but the ranges vs majors is limited

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The USD is greater vs all main currencies besides the CHF

The USD is making new highs versus plenty of the main currencies together with the:

The USD is close to highs versus the CAD, AUD and NZD.

The buck is just decrease versus the CHF (by -0.02%).

Though the greenback is greater do not get too excited. Wanting on the buying and selling ranges for the main currencies versus their 22 day common (round a month of buying and selling), the ranges are under the averages with the EURUSD vary solely 44% of what’s regular, the AUDUSD solely 56% and the NZDUSD solely 61%. So value motion is considerably restricted.

US yields are a catalyst for the buck’s rise after final week’s declines:

2 12 months 4.942%, +11.1 foundation points5 12 months 4.608% +12.1 foundation points10 12 months 4.661% +10.4 foundation points30 12 months 4.829% +7.7 foundation factors

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Tags: HighslimitedmajorsrangesUSD
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