The US Dollar Index has fallen ~10% from January’s 14 year highs. This week’s close was the lowest in 15 months. The USD made its highs on enthusiasm that Trump was going to make America Great Again and as the Fed was tightening monetary policy while other central banks were not.
Polar Futures Group
Polar Futures Group came as a result of Victor Adair and Drew Zimmerman working together for the past 5 years. Together they offer over 50 years of experience trading in financial markets. They specialize in trading currencies, interest rates, precious metals, base metals, financial indices, energies and agricultural exchange listed futures and options contracts .
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The anticipation of future Central Bank action/policy drove markets again this week as Yellen sounded dovish in congressional testimony while Poloz maintained a hawkish tone.
The Canadian Dollar has risen 5 cents over the past 2 months to its best levels in nearly a year. Two months ago on May 5 CAD began to rally in sync with crude oil and rallied step-for-step with crude for the next 20 days until the May 25 OPEC meeting. Since then crude has trended lower (down as much as $10) while CAD has trended higher, rising 3 cents while crude was falling.