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In the red for the 5 past days

USD
  • Some overnight wires were noting that the Dollar was edging higher ahead of Powell, but looking at the Greenback overnight, it was mostly mixed and closer to flat against G10s.
  • The picture is pretty unchanged going into the European session, worst performer is the Swiss Franc, but at -0.06%, we'll consider that to be flat.
  • At the other end of the spectrum, the SEK is the small early mover, up by just 0.16%.
  • Overall looking at the past 5 days, the Dollar is down across G10s, following poorer sets of data of late, AUD is the best performer for that period, up 1.09%, given some Hawkish tilt from the latest set of data out of Australia, although it remains debatable if this will be enough for the RBA to hike rate at its next 6th August meeting.
  • Only the SEK is flat during those past 5 days versus the Dollar, albeit up 0.11%.

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