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Greenback Bounce Gathers Pace Through NY Crossover

USD
  • USD gathering pace in recent trade, helping put EUR/USD through the overnight lows and at the lowest level since Monday. Decent, but gradual, pick up in volumes over the past five minutes, with just north of 2k contracts trading across EURUSD futures (~ $300mln cash equivalent) to push the price in spot to new lows.
  • 1.0679 marks the next support, the 50-day EMA, ahead of the Monday low at 1.0656. Focus turns to retail sales at the bottom of the hour.

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