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Session Recap: Dollar advances ahead of rebalancing

FXstreet.com (San Francisco) – US Dollar advanced against its major competitors on Monday as investors are taking positions ahead of the November month-end possible rebalancing. EUR/USD, GBP/USD and AUD/USD declined while the USD/JPY extended advance.

According to Chris Tevere from Forex.com, the November month-end rebalancing flow may see USD come under pressure. “Market capitalizations for November were mixed across the board – The largest gain was seen in the United States which saw a rise of 549B on the month, while the biggest decline was in Australia, falling 111B (as of 11/24 close).”

“So how do we make sense …read more