Dollar trims losses, mixed on the session -...>

FOREX: Dollar trims losses, mixed on the session

- The dollar trimmed some of its losses, but failed to inspire with major

currency pairs held to narrow range trade for the balance of the US session.

- Having briefly dipped under Y111.00, USDJPY improved to Y111.34, the dollar

index touched 94.68 and UST yields extended gains (10y last 2.9625%).

- AUD supported by firmer base metal prices remained top of the G10 pile with

gains of 0.50%. AUDUSD printed $0.7434 before fading. 

- GBPUSD comfortably held above $1.31 and squeezed to $1.3159 on react to PM

May's statement that said she will lead Brexit negotiations with the EU while

the Brexit department will instead focus on preparations for a no-deal Brexit.

- The dollar rally saw EUR dip back under $1.1700, while gold lost $4 to $1225.

- EURSEK held near the base of its daily Sek10.3085-10.3723 range with key

support from the 100-dma at Sek10.3036.

- TRY plunged over 3% to Try 4.9384 after Turkey's central bank unexpectedly

left its benchmark interest rate unchanged. USDTRY later stabilised to hold

around the Try4.88 level.