The bottom for the Buck remains in place for now - Forex News by FX Leaders

The bottom for the Buck remains in place for now

Posted Monday, June 6, 2016 by
Skerdian Meta • 1 min read

Last Friday the US Dollar got really beaten up after the employment data. According to my opinion, the employment numbers weighed more on the positive side than the negative, but the market decided to look at the negative side. So, the USD lost about 200 pips on Friday but the move hasn´t extended today and we haven´t seen new lows in the Buck. Perhaps the market is waiting for Yellen´s speech this evening.

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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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