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USD Extends Gains

FOREX

The greenback has extended early gains, the move has come alongside US Tsy Yields ticking higher and US Equity Futures moving lower.

  • The Antipodeans are pressured, AUD/USD is down ~0.4% and is the weakest performer in the G-10 space. Support comes in at $0.6357, low from Sep 6 and bear trigger. Kiwi is down ~0.3%, NZD/USD now sits a touch above the $0.59 handle.
  • EUR and GBP have extended losses and both sit ~0.3% lower. The Scandies are also pressured however liquidity is generally poor in Asia.
  • 10-Year US Tsy Yields sit at 4.433%, a fresh 16 year high. E-minis are down ~0.3%.

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