US Equities Outperform But Does Little For The Heavy Greenback

The US dollar is falling against the Canadian dollar for the third consecutive session after declining in four sessions last week before bouncing a little ahead of the weekend. The greenback has dipped below CAD1.3140. It finished last month a little above CAD1.34.It is at its lowest level since late January. The US dollar has a five-week losing streak in tow and looks set to extend it for the sixth week. Nearby resistance is seen around CAD1.3170. The US dollar's weakness appears more pronounced against the majors than most emerging market currencies, including the Mexican peso. The greenback is in narrow ranges around MXN22.00. Monday's range was roughly MXN21.9070 to MXN22.2160. It continues to define the price action. FOMC minutes that hint at more work next month could see the peso gain later in today's session. (UDN

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Read more by Marc on his site Marc to Market.

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