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The Euro has rallied quite significantly during the week, as the US dollar had been overbought.
The Australian dollar has rallied quite nicely during the trading week to reach the 0.7150 level.
The Canadian dollar rose to its highest level in more than three weeks against its U.S. counterpart on Friday and was headed for its second straight weekly gain as recent volatility in global financial markets continued to subside. The loonie was trading 0.3% higher at 1.2730 to the greenback, or 78.55 U.S. cents, after touching its strongest since May 5 at 1.2729. "The risk mood is clearly a big driver of the CAD's performance but firm commodities and modestly supportive (interest rate) spreads are perhaps adding to CAD tailwinds," strategists at Scotiabank, including Shaun Osborne, said in a note.
* Canadian dollar strengthens 0.3% against the greenback * Touches its strongest since May 5 at 1.2729 * Price of U.S. oil falls 0.6% * Canadian bond yields trade mixed across curve By Fergal Smith TORONTO, May 27 (Reuters) - The Canadian dollar rose to its highest level in more than three weeks against its U.S. counterpart on Friday and was headed for its second straight weekly gain as recent volatility in global financial markets continued to subside. The loonie was trading 0.3% higher at 1.2730 to the greenback, or 78.55 U.S. cents, after touching its strongest since May 5 at 1.2729. The price of oil, one of Canada's major exports, edged lower but was also on track for a weekly gain, supported by the prospect of a tight market due to rising gasoline consumption in the United States and also the possibility of a European Union ban on Russian oil.
Tether is now available on over 11 blockchain networks.
The British pound has rallied significantly during the training session on Friday, as we continue to threaten a major breakout.
The Euro initially tried to rally during the trading session on Friday but has given back some of the gains as the 50 Day EMA has been massive resistance.
The Aussie dollar rallied significantly during the trading session on Friday but is starting to approach a significant amount of resistance.
With a US trade deal stalled, the UK has paired up with the state of Indiana.
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Trader reaction to .6480 is likely to determine the direction of the NZD/USD on Friday.
By Gina Lee
USD/CAD faces downward pressure on risk-on global sentiment.
The Canadian dollar strengthened against its U.S. counterpart on Thursday as a jump in oil prices and improvement in risk appetite offset domestic data showing that retail sales growth stalled in March. The loonie was up 0.3% at 1.2775 to the greenback, or 78.28 U.S. cents, moving toward the stronger end of its range over the last week or so, which has been between 1.2762 and 1.2895. "Higher oil prices are helping lift the loonie today," said Erik Nelson, a currency strategist at Wells Fargo in New York.
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Dollar Tree says customers are responding well to its increased price point to $1.25. Dollar General said Q1 sales grew despite inflation headwinds.
The British pound continues to see a lot of resistance near the 1.26 level, as we have given back early gains on Thursday.
The Euro has rallied a bit during the trading session on Thursday but continues to see a lot of resistance at the 50 Day EMA.
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