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Risk on keeps the lid on USD

USD
  • Underpinned risk keeps the USD on the backfoot on the European cash Govie open, a continuation from the overnight session for Risk, but Estoxx (VGM3) has failed to break yesterday's high at 4137.00, did print a 4137.00 high in early trade.
  • Initial resistance is at 4164.00, ahead of the 4228.00 area, where it was trading post SVB news, on the 9th March.
  • Best performer is the AUD, but we failed to break Friday's high situated at 0.6695, printed a 0.6695 high so far today.

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