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Late Pressure On Equities Underpins Greenback Bid

USD
  • The late pressure for equities is underpinning the advance for the DXY (+0.25%) on Wednesday as we approach the APAC crossover. While price action remains fairly contained, the likes of EURUSD and GBPUSD have slipped 10-15 pips in recent trade.
  • Monday's lows of 1.2629 for GBPUSD provided firm support earlier in the session and remains the immediate downside level for the pair. Initial firm support to watch is 1.2600, the 20-day EMA.

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