Currency Markets Morning Brief: December-9-2015

Posted on Posted in Currencies & Forex

U.S. Dollar Index March-2016 Futures: The dollar continues its correction mode and trades currently @ 97.905. Resistance is @ 99.00 and support @ 97.60. Stronger than expected economic data from Japan is offsetting strength in the dollar as the Yen (USD/JPY) catches a bid. Oil seem to be stabilizing after yesterday’s low @ 36.64 and this is boosting the Canadian dollar (USD/CAD). Meanwhile, the Euro (EUR/USD) is getting a lift from Germany’s better than expected trade surplus report. (6:47am PT)

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