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Small unwind

USD
  • Small unwind in USD, with bids fading.
  • The Greenback is nonetheless near best levels THB, EUR, GBP, EUR, CNY, CNH, NZD.
  • The Kiwi is the worst performer, despite the inflation beat, down 0.72%.
  • NZDUSD is trading at lowest level in over 3 months (2nd November).
  • Further downside traction, would open to 0.6463 (50% retrace of the 2020/2021 rally).

Chart source: Bloomberg

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