March 17, 2023 16:34 GMT
Risk-On Through London Close Tilts EUR/USD to New Highs
- Greenback fading following the London close, with price action picking up in EURUSD to put the pair just above earlier session highs. GBP/USD moving similarly, with 1.2177 the next intraday level of note.
- Move lower in the greenback coincides with very modest uptick further off the lows for the e-mini S&P, which is in the process of chewing through the post-cash open losses at pixel time.
- Moves coincide with Credit Suisse headlines on Reuters, who write that Credit Suisse's CFO teams are being called up to work over the weekend, with the teams set to work on scenarios for the bank going forward. This possibly suggests plans are advancing on reparatory measures for the bank - but unclear if that marks the price catalyst here