US dollar gives some back as volatile trade continues

<p>The intraday chart of USD/CAD highlights the peak in dollar at the time of the latest Treasury auction and then giving some back afterwards as strong demand for bonds materialized.</p><p>Another substantial move has been in gold, which is now up $3 to $1976 after falling as low as $1953.</p><p>Risk trades have improved more broadly with the Nasdaq now up 0.5% but trading remains volatile and earnings from Alphabet, Microsoft and Visa after the bell will be critical.</p><p>In the Middle East, the Israeli military says more petrol will not enter Gaza, which makes me think a ground invasion is coming sooner rather than later.</p>

This article was written by Adam Button at www.forexlive.com.