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The Dollar leans in the Red against G10s

CROSS ASSET
  • The Dollar shows in the red in early trade going into the European session against most G10s, but overall, pair, crosses trades mostly within range.
  • Risk On has helped keep the lid on the Dollar Yesterday, but the Greenback is still up across G10 YTD.
  • Although the Emini is flat, focus is again on the Estoxx futures, which printed a fresh contract high overnight, and finding some resistance just short of the 4725.50 1.50 projection of the Nov 8 - 24 - 28 price swing.
  • NOK is the best early performer in G10s, edging at its best level for this week, with USDNOK printing a 10.5614 low (prices are according to Bloomberg), still some way short of 10.4743, where USDNOK was trading pre NFP.

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