US dollar catches a broad bid as the euro spills through 1.17

Stops run in Asia

There's no news behind this latest push in the US dollar, which is rallying right across the board.

I'm tempted to point the finger at EUR/USD stops as it runs down to 1.1686 on a break of the earlier lows. These are the worst levels since November.

AUD/USD is also cutting through some levels ahead of the jobs report in an hour and flows may be bidding up USD/JPY in Tokyo trade.

Invest in yourself. See our forex education hub.


August 19, 2021 at 12:28PM
Adam Button
https://ift.tt/3geMc2w