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Greenback at Day's Best Alongside NY Crossover

CROSS ASSET
  • Greenback edging higher at the NY crossover, inching to the test levels of the day alongside a Reuters sources story on the debt ceiling showing potential signs of progress: the piece writes that "negotiators [...] were expected to reconvene on Wednesday morning, a source familiar with the matter said" and "Biden is "willing to meet the Speaker halfway" and has offered a compromise" - leaving the ball in McCarthy's court for now.
  • Firmer USD putting the major pairs at new daily lows - as the headline gets further coverage on BBG: *WHITE HOUSE, REUBLICANS EXPECTED TO RESUME DEBT TALKS WED.:RTRS
  • GBP/USD through yesterday's lows and now nearing next support at 1.2353-67.

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