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USD bid unwound

DOLLAR

Small bid unwind in USD, albeit in thin turnovers.

  • DXY hovers at the low of the session, pushing EURUSD at the high of the day, now at 1.1718
  • USD touch lows against CNY, CNH, EUR, CAD, CZK, ZAR, and SEK.
  • Very little in terms of spillovers from or into Equities, more a function of the USD and positioning.
  • Cable takes another leg higher, up to 1.2934 following Ireland's Martin, noting that Brexit conclusions showed constructive talks.
  • GBPUSD is now 1.2928

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