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USD Downtick Puts Cumulative Volumes Ahead of Average For This Time of Day

FOREX
  • Dollar downdraft extends in recent trade, with both EUR/USD and GBP/USD hitting the session's best levels ahead of the London close. Comments from Fed's Jefferson do little to reverse the daily trend.
  • Volumes picking up slightly on the latest move higher in USD pairs - EUR/USD futures saw just shy of 3,000 contracts change highs at the session high - that's a cash equivalent of approx $385mln.
  • Latest bump higher in volumes puts today's activity ahead of average for this time of day. Cumulative volumes are now just over 10% ahead of average for this time of day.

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