February 14, 2025 07:34 GMT
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).

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