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Greenback Gaining Direction at NY Crossover

USD
  • Modest turnaround in sentiment among some of the major pairs in recent trade, with EUR/USD plumbing new session lows, and USD/JPY inching through the overnight highs. Greenback strength now puts the USD at the top of the G10 pile after a middling performance through most of the European morning.
  • USD Index still remains about 0.5% off the highs seen last week, which marked the best levels since early April.
  • No news driver or catalyst behind recent upswing in the greenback, but evident volumes picking up slightly at the NY crossover.

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