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One can level to extra sluggish danger sentiment with equities preserving decrease and bond yields holding regular thus far on the day, however the greenback was already asking for a examine because the latter levels of final week. Greenback bulls nonetheless wanted to do extra work then however they’re placing in a great shift in European buying and selling in the present day, with USD/JPY now touching 142.00 and holding a break again above its 100-day shifting common:
EUR/USD is down 0.9% to 1.0230 and GBP/USD down 0.8% to 1.1795 at present. In the meantime, USD/CAD is up one other 0.4% to 1.3435 and AUD/USD is down 0.8% to 0.6618 as commodity currencies are additionally pressured decrease in opposition to the greenback in the present day. I posted some charts earlier within the day on this abstract publish.
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