Free Trial

USD Creeps to Session's Best Levels at NY Crossover

FOREX
  • Greenback's slow gains tip the USD index to the best levels of the session, led by EUR/USD losses into the NY crossover. Yesterday's lows in EUR/USD, GBP/USD still a little further out, but the pace of the pullback has picked up in recent trade.
  • USD printing a intraday high against the EUR, GBP, CNH, CNY, PLN, SEK, HKD, AUD albeit all within ranges.
  • NOK and CAD are still the best performers, with both benefitting from higher oil prices on the back of the increased Red Sea tensions. At the other end of the spectrum, SEK, CHF remain the early underperformers.
  • USD/CNH's subsequent run higher narrows the gap with 7.1839, yesterday's high - the intraday resistance for now.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.