The United States Dollar is now the 2nd weakest of the major currency pairs.
– US Dollar, down -3.95%
– Japanese Yen, down -4.05%
– New Zealand Dollar, up 9.19%
The United States Dollar continued to move lower last week and is now the 2nd weakest of all the Forex majors (only behind the Japanese Yen). The US Dollar is down versus all the major currencies with the exception of the Yen.
Looking at the change in price since the markets close last Friday, we are seeing that the dollar is trading at or near extremes versus all the major currencies.
Remember, you can continue to monitor all 8 currencies using our free currency strength meter which scans 28 Forex pairs and is updated every 5 minutes.