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In the red across the majors

USD
  • EURUSD is still up 0.53% against the Dollar, with the latter taking its cue from the Risk On tone.
  • The Dollar sits in the red across the majors.
  • The bid in Equities has been led by the rallies in Govies during the morning European session, as more investors and analysts start to look for a less aggressive approach by global Central Bank on their hiking cycles.
  • For the EURUSD, given we get no surprises from the Fed tomorrow, the pair might stick within the 0.9900/1.0000 range into Friday, with some notable option expiry this week, which could act as magnets.

Recall:

  • EURUSD 1.97bn at 0.9950.
  • EURUSD 1.17bn at 1.0000.
  • EURUSD 2.18bn at 1.0000 (wed).
  • EURUSD 1.47bn at 0.9900 (thu).
  • EURUSD 1bn at 1.0000 (thu).
  • EURUSD 1.07bn at 0.9900 (fri).
  • EURUSD 2.26bn at 1.0000 (fri).

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