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Some upside continuation against the majors

USD
  • The USD was already mostly in the green overnight and pre UK data, but the currency saw clear upside momentum as Equities fell following the decent UK inflation beat, with broader base USD buying.
  • Even Cable has now fully given back all of its gains versus the Dollar to trade back to session low and now at pre data levels at typing.
  • The Dollar is in the green against all the majors, with NOK leading, up 0.53%, and USDNOK breaking above Monday's high.
  • Next upside target will be at 10.6041.

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