September 19, 2024 06:54 GMT
USD: Extending broader lows
USD
- G10 FX have seen some volatile ranges Yesterday and into today following the 50bps cut from the Fed.
The Dollar is mostly in the red going into the European session, with some wide ranges in the Yen (206 pips), the AUD (84 pips), Cable (96 pips) to mention just a few pairs. - AUD leads in early trades, but the AUDUSD failed to break the August high and the highest printed level since January of 0.6824 Yesterday, only managing a spike up
to 0.6820 post Fed,
- Immediate resistance remains at that 0.6824 level.
The Dollar extends broader lows into the early European session, FX and Rate markets continues to see some divergence with a Dovish play seen in the Dollar versus a Hawkish tone in Govies and Rates, as Yields rises.
- The Dollar test new lows against the GBP, EUR, CAD, AUD, NZD, CNH, CNY, NOK, and SEK.
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