Mar 7, 2025 - 7:45 AM
USD: In the red against all the Majors Year To Date
USD
- Looking at the overnight session for the Dollar, it was a mixed session, the Yen was up some 0.32% at some point and the Aussie was down 0.54% ahead of the European Open.
- Overall of course, this Week's performance for the Dollar is one of its worst in over two years, and is in the red against all the majors YTD, with the SEK up 9.44% just for that period.
- Cross assets remain extremely Volatile, just looking at the Estoxx Futures (VGH5), it fell over 200 points from Monday into Tuesday, and has rallied back ~3.6% from Tuesday to Wednesday.
- Today, VGH5 trades within Yesterday's range, but the early underlying bid in Risk is pushing DXY to session low, and the Greenback tests intraday lows against the EUR, CHF, PLN, TWD, GBP, SEK, NOK, and CZK.
- Yesterday's high in the EURUSD is at 1.0853.
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