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

Comments are off

OVERVIEW

  •  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 epicenter in Ankara.