May 28, 2024 11:13 GMT
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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