FOREX: Dollar: What was the Catalyst for the Dollar Biggest Rally in Six Months and Will NFPs Keep it Going?

A long overdue correction was finally played out by the heavily battered dollar through Thursday’s session. For the short-term bullish trader, the ‘why’ is of little concern as move has been made.

Dollar Rally Looks for Fuel - Can NFPs Carry the Bull Run?

It seems that the dollar has put in for a critical reversal just ahead of the market’s most market-moving economic release. However, it is important to push back our speculative appetites to review the market with an objective eye towards fundamentals and capital flows. The first thing we need to appreciate is that regardless of the follow through on the greenback’s recent appreciation, it is still a tentative move.

US Dollar Volatile Ahead of Key ECB, BoE and NFPs

Volatile dollar price action today lacked conviction as commodities and equities saw broad declines across the board. The losses come ahead of key economic data with the ECB and the BoE on tap for rate decisions tomorrow, and the US NFP figures on Friday.