USD pairs back yesterday's losses - TD Securities

By FXstreet.com | August 12, 2014 AAA

FXStreet (Łódź) - The TD Securities team of analysts note that the USD gained strength on Tuesday on the back of the disappointing German ZEW release and continuing geopolitical tensions.



Key quotes



"The terrorist confrontations in Iraq and lingering concerns in Ukraine have all combined to lend support to the USD."



"It is up against most majors on the day and has seen the DXY index climb close to last week's multi-month high."



"The NA session should conform to the summer norm; with only second-tier US data on the docket, no Canadian releases, and no Fed speakers on the schedule it should be a relatively staid affair."



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