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A run on short dollar stops in the US - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analysts at FXStreet explained that action for a change took place in the American session.

Key Quotes:

“With the dollar accelerating higher across the board as stops got triggered on low volumes”.

“For the most, European currencies consolidated within range near their recent multi-month lows against the greenback in the during the first half of the day”.

“With little fundamental news in the old continent, albeit in the US, Durable Goods Orders jumped to 22.6%, with the ex-transportation number resulting down to -0.8%: that resulted from strong gains due to unusually large aircraft orders, albeit the rest of the sectors had remained subdued”.

“Consumer confidence also in the US however, climbed to its highest since 2007, printing an outstanding 92.4, with the dollar regaining the few pips lost after Durable Goods Orders”.

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