Home FX AUD USD Struggles, GBP Hits $1.41, ETH at $4,188.88

USD Struggles, GBP Hits $1.41, ETH at $4,188.88

#dollar #pound #currencies


USD held at 2.5 month lows Monday as a weak US NFPs report spurred investors to unwind growing long positions in the Greenback, with major rivals including the Great British Pound and Australian dollar testing Key marks.

.DXY measures the Greenback Vs 6 peers, stood at 90.13, broadly flat on the day, after dipping as low as 90.128 for the 1st time since 26 February earlier in the session.

GBP was the biggest gainer among the most-traded currencies, rallying 0.8% above $1.41, the highest since 25 February. 

AUD was another beneficiary of the weakening USD trend, with a surge in commodity prices also supporting the currency.

The Aussie dollar traded close to a more-than-2-month high at $0.7884, while USD fell to a fresh 3.5-yr low of $1.2111 against its Canadian rival.

EUR rose 0.1% to $1.2170, earlier touching the highest since 26 February at $1.2177.

In cryptocurrencies: Ether ETH extended this month’s record run, surging more than 5% to an unprecedented $4,148.88. The 2nd-biggest digital token has rallied 41% so far in May.

Have a healthy week, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.