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US Dollar Strength Broadbased Across Currencies


The US dollar has continued its climb higher today with the USD BBDXY index rising another 0.3% to be up 0.5% this week. The strength is broadbased with the USD stronger against all of the G10 and Asia. The main underperformers have been AUD, pressured by a weak consumer confidence report, NZD and KRW.

  • AUDUSD is down 0.7% to 0.6616, close to the intraday low of 0.6611. The pair is finding support around 0.6600. It has broken below initial support at 0.6641, Jan 5 low, and trendline support at 0.6628. The next level to watch is 0.6571. AUDNZD is down 0.1% to 1.0730, off the session low of 1.0726.
  • USDJPY is up 0.3% to 146.12 after reaching a high of 146.23 earlier. AUDJPY is down 0.4% to 96.65 and EURJPY is down slightly to 159.51.
  • NZDUSD is off its low of 0.6160 and is down 0.6% to 0.6165.
  • EURUSD is 0.3% lower at 1.0917 and GBPUSD is -0.4% at 1.2682.
  • The KRW has weakened 0.8% against the dollar to 1330.70, close to the intraday high of 1331.30.
  • USDCNH is currently 0.2% higher at 7.1968, just off the session’s high.
  • Later the Fed’s Waller speaks on the economic outlook and monetary policy (information here), ECB’s Villeroy participates in a Davos panel and BoE’s Bailey speaks. On the data front there is January US Empire manufacturing, UK employment/wages and Canada’s CPI.

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