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EUR Through Post ECB Highs, USD Softer

FOREX

The early tone to the USD is to the downside, as the greenback suffers broad based losses, a continuation of the theme from late NY trading. EUR/USD is above post ECB highs at 1.0035. USD/JPY is back to 143.70. GBP/USD is just shy of 1.1540 (+0.30% for the session)

  • Higher beta plays are outperforming though amid positive equity market sentiment, as US futures push higher. Both AUD (0.6785/90) and NZD (0.6080/85) are +0.50% on NY closing levels. NOK is also +0.50% firmer, through 10.00.
  • UST yields are holding close to overnight highs (3.51% for the 2yr).

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