Venezuelan Bolivares

Stronger than expected data from Uncle Sam meant another day of dollar domination in the forex arena while the Loonie got a boost from higher crude oil.

Price action was rather wonky during the morning London session, since most of the major movers were on the move without any apparent catalysts.

Rally and reverse! The Greenback tossed and turned throughout the New York trading session as economic releases failed to push the currency in a clear direction.

Next week’s highly-anticipated meeting between the major oil producers will likely result to a major announcement. Unfortunately, it probably won’t change the overall oil oversupply picture.