The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback was mostly lower.
The only currency that the USD moved higher on the week was the EUR. The EURUSD fell -0.27% (USD higher).
The dollar was the weakest vs the JPY on hopes that the BOJ would keep the tightening going which helped to support the JPY. The USDJPY moved to the lowest level since December and back below its 100 and 200-day MAs at 152.60 and 152.729 respectively. The USD was down -2.447% on the week vs the JPY.
How did the dollar do vs the major currencies for the week? Below are the % changes of the USD vs those major currencies:
EUR, +0.27%JPY, -2.447%GBP, -0.07%CHF, -0.14%CAD, -1.57%AUD, -0.88%NZD, -0.47% This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( For the trading week, the USD is ending mostly lower. )
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