US$ continues to strengthen after Fridays good retails sales number. A busy week for central banks as ECB, BOE and the FED have meetings this week. The FED is expected to keep rates unchanged, but globally the trend has been towards easing on global recession concerns with the protracted US/China trade tensions.
US$ continues to rally against C$, weaker oil today and FED expected to hold could see further C$ sell off. C$ could weaken back to May 31st levels, this should provide US$ selling opportunity.
Eur has been unable to rally in recent weeks. A combination of Brexit, Italian budget, ECB easing and ongoing Sino/US trade issues are the main cause. Comments from the ECB meeting this week may provide short term direction.
GBP weakened on the prospect of a “no-deal” Brexit with Boris Johnson looking like the favorite in the UK PM race.