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Remains in the red in G10s

USD
  • The Dollar remains on the back foot into the Cash Govie open, a continuation from the overnight session, after Fed Waller (most Hawkish after Bullard), said on Friday that he favors a 25bps hike at the next meeting.
  • The Dollar is in the red against all G10s, besides the Yen.
  • The Euro continues to benefit from the USD weakness and the latest ECB comments from last week.
  • The EUR leads against the Yen, up 0.89%, and tested its highest level since April overnight versus the Dollar, but off its best level, as (VGH3) pares gains.
  • Next resistance in EURUSD is at 1.0954 High Apr 11, 2022.

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