Canadian Dollar may be setting the stage for a near-term counteroffensive as USD/CAD fizzles into resistance. Here are the Loonie levels that matter on the weekly chart.
The US Dollar is surging in the wake of hotter-than-expected inflation data just released with headline CPI hitting 5.4% in June and causing Fed taper fears to intensify.
GBP has failed to benefit from confirmation that coronavirus restrictions in England will mostly end on July 19, suggesting some modest underlying weakness in the currency.