The dollar continues to maintain in a great place to this point right now, sustaining its advance from Asia buying and selling as we see a pause to the reduction rally in broader markets. S&P 500 futures are down 17 factors, or 0.4%, whereas 10-year Treasury yields are up over 6 bps to three.89% at present and that’s maintaining the greenback in pole place within the main currencies area.
EUR/USD is down 0.7% to 1.0283 after backing away from its August highs at 1.0364-68 on the finish of final week:
Patrons are nonetheless in management for essentially the most half and it could actually take a shove again under 1.0200 to invalidate a big chunk of the upside momentum from final week’s breakout post-CPI.
Elsewhere, USD/JPY is operating up in opposition to key resistance at its 100-day transferring common at 140.79 – the extent famous earlier right here. GBP/USD is down 0.7% to 1.1750 ranges however nonetheless maintaining simply above its personal 100-day transferring common at 1.1653. That’s the line within the sand in figuring out the important thing bias for the pair.
In the meantime, AUD/USD is down 0.5% to 0.6665 after a quick restoration earlier within the session – which tailed off upon testing its personal 100-day transferring common as famous right here.
