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Some reversal in the USD

USD
  • Some reversal in USD, despite some pull backs lower in Risk.
  • The Greenback edges in the red against most G10, DXY at session low, and even the Aussie is finding a bid, after being under pressure on the back of CB's Lowe dovish comment, pushing back on rate outlook:
  • "I find it difficult to understand why rate rises are being priced in next year or early 2023,".
  • The AUD is still down 0.34% versus the Dollar

QUICK MNI USD tech for other crosses:

  • EURUSD resistance is now at 1.1851 High Sep 8 / Sep 10
  • GBPUSD comes at 1.3892 High Sep 3 and the bull trigger

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