Boosting the Chinese yuan to another record at 7.5773 in the overnight, the market couldn’t help but notice that China’s surplus widened far past any expectation for the month. In June, China’s trade surplus with global partners widened to an impressive $26.9 billion according to the customs bureau.

The US dollar plummeted to fresh record lows against the euro and multi-decade depths against the British pound, as a sharp drop in bond yields left the greenback with little fundamental support on the day's price action.

Currency technical analyst Jamie Saettele analyzes the Japanese yen against the Canadian dollar, Swiss franc, and New Zealand dollar.

Jamie Saettele maintains that wave 5 within the 5 wave rally that began at 1.3261 is underway and is to exceed 1.3680 before a reversal with longer-term bearish implications.

Another very quiet night of trade in the FX markets as summer doldrums are clearly creeping in. In the UK, today the pound rallied above the 2.1050 level as the Trade Deficit shrank to its lowest level in more than a year.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for July 10.

Demand for carry trades continue to be strong with the Japanese yen falling to a new record low against the euro and decade or multi-decade lows against other currencies.

Derek Frey provides weekly market commentary on currencies for the week of July 9.

Terri Belkas previews the Bank of Canada's interest rate decision this week.

With the Canadian dollar gaining an impressive 1300 pips, or 12 percent, against the US dollar in the first half of the year, many are wondering how much further the pair can decline.