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Greenback Losses Firm on Soft MNI Chicago PMI

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  • With US 10y yields comfortably below 4.50%, the greenback is further offered on the back of the MNI Chicago PMI, resulting in new highs for GBP/USD at 1.2760 (and gaining). Parallel move in AUD/USD to clear the Wednesday high and narrow the gap with 0.6680, the weekly high.
  • Market moves further help support activity and volumes across currency futures markets - with G10 cumulative volumes around 25% ahead of average for this time of day.
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  • With US 10y yields comfortably below 4.50%, the greenback is further offered on the back of the MNI Chicago PMI, resulting in new highs for GBP/USD at 1.2760 (and gaining). Parallel move in AUD/USD to clear the Wednesday high and narrow the gap with 0.6680, the weekly high.
  • Market moves further help support activity and volumes across currency futures markets - with G10 cumulative volumes around 25% ahead of average for this time of day.