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A positive start for the Greenback

  • USD remains on the front foot into the EU Cash Govies open, with the NZD still the worst performer, a continuation of the overnight session, after the NZD CPI came below expectation last night.
  • NZDUSD test the 0.5900 handle, but has so far found some demand.
  • Downside traction will open to the 0.5859 level, the September low and lowest print since November.
  • The Pound is the second worst performer, after some part of the UK earning data missed expectation, but the Dollar is also at play in early trade, with Estoxx drifting back into the red.
  • USDJPY and last week's high at 149.83 still holds, only managed a 149.76 high Yesterday, with main focus on the 150.00 handle going forward.

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