The European Session Market Continues To Bleed, This Is The Focus Of Investors Heading Into The Weekend!

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 Tracking currency market movements ahead of week-end trading, the greenback remained trading at a one-month high despite having stopped making gains.


Against most other major currencies, the dollar index, which measures the strength of the greenback, strengthened around 107.65 in the European session.


Several comments from the Federal Reserve (Fed) policy makers continue to push the US dollar to outperform its rivals where Mary Dalu said an increase of 50 or 75 basis points is appropriate in September.


While James Bullard stated that he is inclined to support a rate increase of 75 basis points at the next meeting.



The currency king's strengthening continued to push major currencies lower, with the euro slipping closer to price parity (€1=$1), and also the lowest since mid-July.


Meanwhile, the pound continued to extend its decline even as published data showed UK retail sales rose 0.3% in July after recording a decline in June.


Commodity currencies, the Aussie and New Zealand dollars also fared worse, each trading at one-month lows against the greenback.


The Canadian dollar also fell further as market focus now shifted to the release of Canadian retail sales data in the New York session.

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