Ripples Across Major FX Currencies
Starting off with Federal Reserve-Chicago Charles Evans turning to a hawkish stance who is known for being a dove, is just one contributing factor for the USD lift. The Foreign exchange market have been quite busy across the board which summarizes the following market activities that actually gave the USD - DXY a push towards the 96.00 basis point levels from the 95.17.
> CABLE or the Sterling Pound have continuously been dampened with a No Brexit deal while awaiting UK GDP report. GBPUSD is currently at 1.2772 way past it psychological support price at 1.2880. While the EURGBP Cross at 0.9000 have benefited from CABLE's weakness in spite of the recent daily session relief from the Euro.
> Except EURUSD have just broken through the ground trading to this writing at 1.1455 where it's aiming at another psychological barrier support at 1.1380 which is not to be discounted as the USD gains momentum to further rise in the near term.
> USDJPY has been aligned with a USD strength as it benefits from a safe haven status whenever turmoil in the currency market are present while trading at 110.68 from a recent high at 111.51 for the week as of Aug 10, 2018.
