May 29, 2024 06:42 GMT
A positive start for the Dollar
USD
- The Dollar is mostly in the green gong into the European open, Risk off and the continuation in US Yield have been supportive.
- The overnight bid in the Aussie on the inflation beat was short lived, but the AUD is still one of the only currencies in the green in G10, although closer to flat, up just 0.08%.
- Resistance in AUDUSD will be seen at 0.6685 initially.
- The USDJPY saw a quick 28 pips fall, but this was led by an order related flow in the CME, with 2k JPY bought, best single volume since Yesterday, and the USDJPY has since bounced back off the low to trade back above 157.00.
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