Jan is wonderful, fantastic.
Sterling, the Australian, New Zealand and Canadian dollars all experienced losses against the greenback but there were some currencies, namely the euro that continued to march higher. Lower highs and lower lows or consolidation followed by rejection of key levels for currency pairs like GBP/USD, AUD/USD and USD/CAD has many investors wondering if deeper corrections lie ahead. To answer this question, we have to recognize that U.S. dollar weakness is the primary reason why the euro and Australian dollar are up more than 10% year to date. What’s remarkable about these uptrends is that they occurred while the Federal Reserve was raising interest rates, which means investo