The USD underwent a bullish trading session last week, as it appreciated versus all of its major currency rivals. The greenback saw significant bullishness on Tuesday and Wednesday as the Consumer Confidence Index beat our forecasts and the ADP Nonfarm Employment Change which was expected to be a low negative figure, turned out positive at 9K. Crude Oil also affected the USD and was very volatile last week. Traders noted that the Crude Oil was traded around $120 a barrel for part of the trading session on Tuesday. At the end of the week, the US... ( read more )
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