The weakness in the USD is extending.
Catalysts cited include:
- easing trade tensions, or at least not worsened
- expectations of closer Fed rate cuts given the softer CPI
EUR/USD has hit a seven-week high, and other FX is rising alongside, yen and Swissy notably.
CAD, AUD, NZD are all laggards
This article was written by Eamonn Sheridan at www.forexlive.com.