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USD bulls denied further territory - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the greenback is on consolidative mode.

Key Quotes

"The US dollar remains in a consolidative mode as participants await fresh incentives”.

“The bulls have been denied fresh excuses to push the trend that has carried the US Dollar Index higher for an unprecedented ten consecutive weeks."

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AUD/USD is trading at 0.8838, down -0.39% on the day, having posted a daily high at 0.8930 and low at 0.8831.
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