XE Market Analysis: North America – Jan 09, 2019

The Dollar has been trading on a softer tack so far today, posting fresh lows in the cases against the Dollar bloc currencies, which have outperformed amid a backdrop of firmer crude and global equity markets, while still holding below recent lows versus other currencies. USD-CAD, now in its sixth consecutive session of decline, which has been concomitant with a series of higher rebound highs in oil prices, printed a five-week low at 1.3223, while AUD-USD lifted to a fresh three-week high at 0.7171. NZD-USD also rallied.