Free Trial

USD: Finding some early selling interest on the Risk On tone

USD
  • Looking at the Dollar against G10 overnight and into the European Govie Cash open, the Greenback was mostly flat, at one end the NZD was up just a 0.19%, and the other, the CHF was down 0.13%.
  • Post the European Open and given the Risk On tone, Hermes beat expectations, the Dollar is seeing some broader offers, GBP, EUR, SEK, ZAR, CZK, IDR, PLN, NZD, AUD, EUR are all near or testing their session highs.
  • We noted Yesterday a move down towards the 50% retracement level in the USDSEK, the cross is now just 4 big figures short of that level.

(Chart source: MNI/Bloomberg).

USDSEK Curncy (USD-SEK X-RATE) 1 2025-02-14 07-29-30
101 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Looking at the Dollar against G10 overnight and into the European Govie Cash open, the Greenback was mostly flat, at one end the NZD was up just a 0.19%, and the other, the CHF was down 0.13%.
  • Post the European Open and given the Risk On tone, Hermes beat expectations, the Dollar is seeing some broader offers, GBP, EUR, SEK, ZAR, CZK, IDR, PLN, NZD, AUD, EUR are all near or testing their session highs.
  • We noted Yesterday a move down towards the 50% retracement level in the USDSEK, the cross is now just 4 big figures short of that level.

(Chart source: MNI/Bloomberg).

USDSEK Curncy (USD-SEK X-RATE) 1 2025-02-14 07-29-30