-
Dollar Retains Firm Tone, but Yen and Swiss Franc maybe Drawing Support from Brexit Fears
The US dollar weakened in the first half of the week as participants continued to react to the shockingly poor jobs report and shift in Fed expectations. However, it recovered smartly yesterday and is seeing some modest follow through buying today. The main exceptions today are the Japanese yen and Swiss franc, the only major currencies besting the dollar today. For the week, it is the dollar-bloc and franc that have maintained weekly gains. And those dollar-bloc gains look vulnerable. The New Zealand dollar is the star. It is still up nearly 2% on the week, following the RBNZ's decision to leave rates alone and ... (full story)