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All the action is in FX

CROSS ASSET
  • All the action is in FX; Equities, Govies and Rates are doing very little.
  • Support across Bunds and Gilts have held so far today.
  • The Dollar is under consistent pressure, with the NOK in the lead in G10s, now up 0.89%, and 6.65% from the 31st May's high in USDNOK.
  • Besides the 10.50 figure, the next area of interest is at 10.4325, the May's low in USDNOK.

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