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USD Extends Gains ​​​​​

FOREX

The USD is extending gains into the London open. Risk sentiment has taken a hit, with US futures back into negative territory and Asia Pac markets are paring gains. Core yields are moving higher post the German NRW CPI print, which appears to be the main catalyst for these moves.

  • EUR/USD is back to 0.9960 (-0.80% for the session so far). GBP/USD has lost a little over 1% to 1.0770. AUD/USD down to 0.6470, off 0.80%. NZD/USD 0.5680, although there is some support sub this level.
  • In Asia, USD/CNH is back above 7.2000. USD/JPY is edging higher but remains sub 145.00 for now (likely on intervention fears). We were last at 144.60/65.

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