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Technical Indicators Signal Dollar Strength

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The US dollar was mostly firmer over the past week.  There were two exceptions among the major currencies:  Sterling and the Canadian dollar.

<p>The US dollar was mostly firmer over the past week.&nbsp; There were two exceptions among the major currencies:&nbsp; Sterling and the Canadian dollar.</p>

The US dollar was mostly firmer over the past week.  There were two exceptions among the major currencies:  Sterling and the Canadian dollar.

Many linked sterling's outperformance (+0.8%) to a growing sense that the UK will vote to remain in the EU, despite angst reflected in the elevated cost of insurance (one-month options).  The Canadian dollar (+0.7%) was helped by oil's flirtation with $50 a barrel and a central bank that was perhaps less dovish than some expected. 

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