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Broadbase USD buying gets some traction

DOLLAR

USDCNH extend higher following the earlier US commerce department statement on TikTok and Wechat.

  • Starting to see a broader base bid in USD, short covering, but surprisingly very little impact in Equities.
  • USDCNH look for test at yesterday's high 6.7826.
  • USD is testing high of the session versus EUR, CHF, AUD, CAD, CNH, CNY, TRY.
  • And an impressive 10 big figures turnaround in the RAND, with USDZAR looking to the high of the session at 16.2081, after printing a 16.0841 low

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