A wave of USD selling - Forex News by FX Leaders

A wave of USD selling

Posted Wednesday, June 1, 2016 by
Skerdian Meta • 1 min read

In the European session we have seen a wave of US Dollar selling. EUR/USD reached 1.1180s and USD/JPY fell as low as 109.10. There´s no apparent reason for this because the economic data has been pretty light. Maybe the international cash flows that take place on the first day of the month are to blame. We just opened a USD/CAD buy Forex signal hoping that this USD weakness will fade.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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