One Final Push for the US Dollar? | DZHI - DZH International 
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One Final Push for the US Dollar?

  • Kathy Lien
  • 4 June 2018

The greenback saw losses against most of the major currencies but in each case, it gave up less than 1% of its gains. To put this move into context, the EUR/USD rallied 7.25% over the past 6 weeks. The Australian dollar, on the other hand, remained trapped in a tight range ahead of the Reserve Bank’s monetary policy meeting. Interestingly enough the New Zealand dollar experienced the strongest gains for no reason other than a short squeeze as NZD data was mixed. US non-farm payrolls, the biggest event of the week had very little impact on the market. Instead, forex traders were charged by the political developments in Europe and US President Trump’s brewing trade war. 

5 Day Return vs. USD May 04-June 18

 

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About the Author
Kathy Lien
Kathy Lien is Managing Director and Founding Partner of BKForex. Having graduated New York University’s Stern School of Business at the age of 18, Ms. Kathy Lien has more than 13 years of experience in the financial markets with a specific focus on currencies

Ms. Kathy Lien is Managing Director of FX Strategy for BK Asset Management and Co-Founder of BKForex.com. Her career started at JPMorgan Chase where she worked on the interbank FX trading desk making markets in foreign exchange and later in the cross markets proprietary trading group where she traded FX spot, options, interest rate derivatives, bonds, equities, and futures.

In 2003, Kathy joined FXCM and started DailyFX.com, a leading online foreign exchange research portal. As Chief Strategist, she managed a team of analysts dedicated to providing research and commentary on the foreign exchange market.

In 2008, Kathy joined Global Futures & Forex Ltd as Director of Currency Research where she provided research and analysis to clients and managed a global foreign exchange analysis team. As an expert on G20 currencies, Kathy is often quoted in the Wall Street Journal, Reuters, Bloomberg, Marketwatch, Associated Press, AAP, UK Telegraph, Sydney Morning Herald and other leading news publications.

She also appears regularly on CNBC’s US, Asia and Europe and on Sky Business. Kathy is an internationally published author of the bestselling book Day Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game all published through Wiley. Kathy’s extensive experience in developing trading strategies using cross markets analysis and her edge in predicting economic surprises serve key components of BK’s analytic techniques.


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