The USD continued its march higher on.........>

FOREX: The USD continued its march higher on Tuesday, as the DXY broke above the

200-DMA. EURUSD continued its descent taking out the 1.2000 barrier to print

near 4-month lows of 1.1982. A minor pullback saw EURUSD squeeze to 1.2019,

before fading.

- GBP retained a heavy tone after yet another poor data release, in the form of

soft manufacturing PMI. Broader USD strength pushed cable to 1.3588,

representing a near 800 pip fall in the last 10 trading sessions, last 1.3610.

- Commodity FX struggled with sharp falls in copper prices. The stronger USD

theme triggered barrier breaks in both AUD & NZD. NZD was choppy over the latest

NZ labour market report, there was a brief spike higher in the NZD on the back

of the strong AHE print. However, the move was faded, the private wage metrics

were a tad soft, as was the participation rate & the y/y employment change.

- Better-than-exp. Canadian GDP data saw USDCAD to $1.2832, but the broader

based USD theme countered with a move back above 1.2900, comments from BoC Gov.

Poloz re: less stimulus needed/rates low vs. neutral helped USDCAD lower.

- China Caixin manufacturing PMI headlines in Asia.