Charting FX: dollar weakness continues to boost GBP and EUR

GBP and EUR benefit from dollar weakness as the possibility of a Federal Reserve rate rise in 2015 is getting more unlikely. IG analyst Chris Beauchamp also notes that USD/CAD is now in oversold territory for the first time since the end of April 2015.

Trade now


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.