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USD drifts lower, Bonds gain

CROSS ASSET
  • The Dollar drifts few pips lower to test intraday lows against the EUR, GBP, AUD, CAD, TWD, ZAR.
  • The Move coincide with the small tick higher in Tnotes (TYM4), now testing its intraday high, but very little in terms of standout size flow, TY saw 3k bought, FV 2.5k and US 1k.
  • Although the contract printed a 108.06+ high on FOMC Yesterday, initial resistance is at 108.10+.
  • Bund is now in turn through the small initial resistance noted at 130.53, next would see the 131.00 handle.

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