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US dollar erases losses as the month winds down

There may be a bit of a rush for USD liquidity into month end. Otherwise the latest move in the dollar is tough to explain.Notably, stocks are off their best levels so many that's a canary in the coalmine? In any case, the dollar is now roughly flat on the day against the yen, pound, loonie and Swiss franc while the euro holds onto some modest gains and the Aussie and kiwi outperform.In terms of economic data, the UMich sentiment was a tad stronger but the final version of that report is rarely... Read More

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Content Topics

Dollar

Erases

Losses

Month

Winds

Down

Forex

Posted: Sep 29 2023, 14:17

Author Name: forexlive

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