XE Market Analysis: White House Complains about The Fed, Tariffs are the Genie in the Bottle

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dOVERVIEW

  •  Dollar Index inches lower for the fifth consecutive session.
  •  USD/CAD eyes 1.30 psychological level.
  •  Commodities are hot; Gold nears $1,200 and WTI up 2.3%.

HIGHLIGHT

Things seem to be falling apart for the South African Rand recently. The currency has lost nearly 9.50% of its spot value versus the US dollar this month. The Rand took an august tumble, dragged down by emerging market turmoil, with its espicentre in Ankara.