The Dollar is weak, here’s why. Anyone who has been checking the currency strength meter in the last week will have noticed consistent weakness in the US Dollar. And it’s a similar story for the Japanese yen (JPY) and Swiss franc (CHF) too. Why? Because

Damage control sees the Japanese Yen soaring after the killing of Iranian military leader. – Japanese Yen, up 9.32% – New Zealand Dollar, down -4.99% – Australian Dollar, down -3.89% Looking back at a the last 5 days of trading the Japanese Yen (JPY) is the strongest currency

Cable sees its largest rally in the GBP/USD pair since January 2017. – British Pound, up 10.61% – US Dollar, down -3.91% – Japanese Yen, down -11.51% The British Pound (GBP) is the strongest of the major currencies after the resounding victory by Prime Minister

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

Last week the US Dollar rose against all the majors with the exception of the Japanese Yen and the New Zeland Dollar. – Japanese Yen, up 3.51% – Swiss Franc, down -3.87% Currency Quake’s strength meter reveals that the Yen was the strongest currency, meanwhile