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GBP/USD finds support above 1.6000

FXStreet (Córdoba) - Cable dropped further against the US dollar and printed a fresh 4-day low at 1.6006. GBP/USD found support above 1.6000 and rebounded, rising back on top of 1.6030. Greenback remains strong in the market as stocks decline in Wall Street.

GBP/USD trims weekly gains

After starting the week around 1.5960 GBP/USD jumped to the upside and on Thursday, boosted by the reaction of the market to the FOMC minutes reached 1.6225. The same day made a reversal that continued Friday.

During the last 24 hours the pair lost more than 200 pips, trimming weekly gains. Still holds above the level it had a week ago but considerably far from the highs.

USD/CHF tests 0.9590 and finds some selling interest

The US Dollar extended gains from 0.9525 to trade at daily highs around 0.9590 versus the Swiss Franc, where the pair found selling interest that launched it back to 0.9575.
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USD/CAD flat on the day but headed for weekly losses

Canadian dollar failed to stage a durable rally on the back of solid domestic employment figures and is back trading flat on the day versus the greenback after some erratic intraday moves.
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