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Another positive session for the Dollar

CROSS ASSET
  • The Dollar continues to be on the front foot, with Overall Yield higher, and Risk is still tilted do the downside, despite some early headlines pointing out that Equities are jumping higher.
  • Bigger picture is that US Emini trades at its lowest level since 1st June and VGZ3 since March.
  • AUD is the worst performer, down 0.36%, and some market participants will be looking for support at 0.6357, the September low, but also the lowest print since November.
  • A clear break through the latter, opens to 0.6300 and 0.6272, the November low.
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