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Trending in the red

USD
  • The Dollar is on the backfoot overnight and into the cash European Govies open, but the ranking doesn't tell the full story, with the Greenback still deep in the green against all G10 over the last one Month period.
  • Only the CAD sits up 0.10% for that period, given the BoC surprised decision yesterday.
  • This morning, the Yen, NZD, AUD are all up circa 0.15%, but are all trading well within yesterday's range.
  • The resistance in AUDUSD noted this week at 0.6717 held yesterday, and the pair is slowly drifting back towards yesterday low situated at 0.6642, now 0.6659.

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