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The greenback is now sitting extra combined throughout the board with the euro, franc and yen all increased in opposition to the buck at present. I am not seeing any main headlines to trigger the flip however the technicals are nonetheless a spotlight level even with haven demand in play in the meanwhile:
Within the case of EUR/USD, patrons are nonetheless conserving the near-term bias extra bullish upon a protection of the important thing hourly shifting averages earlier within the day. Including to that’s the maintain above the 200-day shifting common at 1.0382 as identified right here.
USD/JPY has additionally now fallen to contemporary lows on the day of 137.60, down over 1%, as yields proceed to look heavy on the session. 10-year Treasury yields are down practically 7 bps to three.635% in the meanwhile.
Elsewhere, GBP/USD has additionally turned flat in opposition to the greenback at 1.2090 from round 1.2060 earlier whereas AUD/USD is as much as 0.6705 from round 0.6680 earlier although nonetheless down 0.6% on the day.
As issues stand, solely the commodity currencies are lagging in opposition to the greenback as we get issues stepping into European buying and selling.
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