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Mostly in the green against G10s

USD
  • The Dollar is on the front into the European Govie open despite the US fitch downgrade.
  • Risk off has been a supporting factor, putting the NZD and the AUD as the worst early performer in G10 versus the Dollar.
  • NZDUSD is down 0.88%, and at its lowest level since the 30th June.
  • The 0.6100 handle is so far holding, although did print a 0.6094 low this morning.
  • Most market participants will look at the 0.6051 area for more notable support.

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