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It's another red start for the Dollar

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  • It's another red start for the Dollar, but overall the Greenback and G10 FX ranges are unchanged.
  • The NOK, SEK and the Kiwi are the early leaders, up around 0.20% respectively going into the European session but are exchanging hands within past ranges.
  • Early mover is the Swissy, with the EURCHF looking to test 0.97879, the level it reached following the unexpected SNB cut.
  • This was the highest level since July 2023, but initial resistance is seen at 0.9805, followed by Parity, last traded in January 2023.

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