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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

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  • Antipodeans make up the bottom-end of the G10 table, with AUD/USD trading inside the downtrend posted since the beginning of November. AUD/USD printed a new monthly low of $0.7180, narrowing the gap with next supports at the late September lows of $0.7170 and August's $0.7106.
  • Elsewhere, the SEK trades firmer against all others in DMFX, following a modest hawkish tilt from the Riksbank, boosting their repo rate forecast to a slightly higher level than expected across the latter half of 2024.
  • Similarly, the EUR trades better - recovering off the YTD lows to trade back above the 1.12 handle. Yesterday's highs of 1.1255 mark the first upside target.
  • The Thanksgiving holidays thin out the data and speaker slate into US hours, with liquidity and volumes expected to follow. That said, ECB speakers could garner some focus, with Lagarde, Villeroy on the docket as well as BoE's Bailey and Haskel.