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Underperforms in G10s

EUR
  • EUR trades on the back foot overnight and into the European open, after benefiting from commodity and Risk Off tone the past few sessions.
  • Best performer in G10 against the EUR is the Aussie, following overnight GDP beat for Australia, some unwind in Equities and Commodities have also been a supporting factor for the Aussie.
  • EUR hovers near session low against the GBP, CHF, and is in the red versus all G10s, besides the Yen.
  • EURGBP support is now at 0.8465 20-day EMA

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