USD ends firmer across the board - The USD....>

FOREX: USD ends firmer across the board

- The USD driven by UST yields pared Asia losses to end up firmer across the

board. The US 10y touched highs of 2.9597%, DXY squeezed to 96.71, while gold

lost $13 on the day to $1222.37. USDJPY turned around Asia losses and recovered

back through Y111.00 to Y111.54.

- AUD remained bottom of the G10 pile with losses of 0.53% against the USD.

Bullish exhaustion ahead of $0.7440 extended the corrective pullback through

$0.7400 to $0.7372. AUDJPY added weight having moved below the 100-dma to

Y82.14. NZDUSD struggled to gain traction, last $0.6780.

- BoE Broadbent made no reference to the August policy rate decision in his

prepared speech, but did note the BoE would cut rates before halting QE unwind.

In the Q&A that followed, Broadbent said he doesn't know if he will vote for an

August rate hike. GBPUSD dipped to react lows of $1.3083. 

- The firmer USD tone pressured EURUSD to fresh daily lows of $1.1684.

- TRY outperformed after the FinMin's weekend remarks that said would not fight

with markets. USDTRY gained 0.89% on the session, last TRY4.7496.