EUR/USD cuts below 1.0500

Author: Adam Button | Category: News

Euro falls to session low

The US dollar has some wind in its sails as New York trading ramps up. Trump could continue end the Cold War Part 2 while marching towards Trade War Part 1. That kind of protectionism is dollar positive, at least in the short term.

But there isn't a big macro driver today. It's the same ebb and flow that's put the market in a chop for the past two weeks.

The short-term technicals are negative with Monday's low breaking and the psychological 1.05 giving way.