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Race to the Top (Follow Up -New Entrant)

Race to the Top (Follow Up -New Entrant)

6 Years ago | July 01, 2014 00:00:00

In our monthly newsletter, Thoughts from the Forex Trenches, I discussed the current market that I described as a race to the bottom and a race to the top. In the race to the top, the USD and GBP are competing to see which central bank raises rates first. Price action this week suggests the UK has moved into the lead as can be seen by the firmer GBP. There is also a new entrant into this race and that is the CAD.

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