XE Market Analysis: The US Dollar Bears the Brunt of Impatient Currency Markets

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OVERVIEW

  • The greenback is unable to arrest its broad-based decline after the Fed’s dovish interest rate hold

  • The Canadian loonie jumps higher, fuelled by strong crude oil prices.

  • WTI crude is up by 4.5%, to trade near $56.50 a barrel on growing geopolitical risks.