One-way traffic in the FX market today | Forexlive

The dollar bulls haven’t had a chance to regroup today. It’s been non-stop US dollar selling since New York walked through the door.

Some of that might be ECB related but I get the sense that the bigger mover is China as bets on global growth are placed. USD/CAD offers a snapshot of what has been happening today with a one-way 110 pip move lower.

A break below the November low would quickly open the way to 1.3000.