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FX Turnovers

CROSS ASSET
  • USDCHF has faded (25 pips) from the 0.9500 level (printed 0.9498 low), and seeing small unwind against the Yen, GBP, SEK for the USD.
  • The Dollar is nonetheless still trading in the red against G10, besides the NOK, with the latter losing some ground, following the Norway regional network survey, which came out weaker versus last.
  • Turnovers are on the low side across assets, as the street await on the main event for the session, the US CPI.

FX turnovers vs 5 days averages:

  • EUR 18%
  • GBP 19%
  • JPY 35%
  • AUD 43%
  • CAD 14%
  • CHF 21%
  • NZD 25%
  • NOK 9%
  • SEK 21%

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