Instrument NameCanadian Dollar/U.S. DollarInstrument Symbol(CADUSD)

Instrument ExchangeFOREX

The United States dollar is the world's most dominant reserve currency, accounting for over 60% of all foreign exchange reserves held by central banks around the globe. The King of currencies has a seasonal buy that may advance it to higher levels.

The dollar index (DXY00 ) on Thursday tumbled to a 2-week low and finished down by -0.72%. The dollar retreated Thursday after U.S. weekly initial unemployment claims jumped to a 19-month high and knocked T-note yields lower. Also, expectations for the Fed to pause its rate hike campaign at next...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.64%. U.S. stocks this morning are moderately higher. Strength in...