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Sees a round of selling against multiple pairs

EURO

EUR, drops lower, but no clear catalyst

  • Some buying has gone through in Bonds at the same time, but very little new.
  • This looks EUR targeted, with selling noted against the USD, JPY, GBP, CAD and SEK, all hit at the same time.
  • Speaking with desk, this was likely order related as the dip lower lacked any kind of clear momentum.
  • DXY hovers near the high of the session, with the EUR most weighted on the index.
  • EURUSD is back to 1.1740 after printing a 1.1733 low.
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