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FOREX: Pick-Up in Volumes Puts USD Index Under Pressure

FOREX
  • NY crossover coincides with fresh bout of USD sales (FX futures markets see comfortably the best activity of the session so far) putting EUR/USD at a new daily high. The USD Index now slipped to new daily lows as a result and edged through the 200-dma support of 104.413.
  • Firmer support seen into 104.080, with consumer confidence data the next highlight ahead of appearances from Fed's Kashkari, Cook & Daly - although few fresh signals on Fed policy are expected today.  
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  • NY crossover coincides with fresh bout of USD sales (FX futures markets see comfortably the best activity of the session so far) putting EUR/USD at a new daily high. The USD Index now slipped to new daily lows as a result and edged through the 200-dma support of 104.413.
  • Firmer support seen into 104.080, with consumer confidence data the next highlight ahead of appearances from Fed's Kashkari, Cook & Daly - although few fresh signals on Fed policy are expected today.