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USD fades some of its weakness

FOREX
  • USD has pared some of its overnight and early morning losses, as Equities loses upside momentum.
  • It is still worth noting that the Mini S&P printed another record high, trading just short of the next psychological target at 4500, printed 4492 high.
  • The Dollar is now more mixed in G10, up 0.14% versus the EUR, and down 0.55% against the NZD.
  • The Kiwi has been the standout currency during our morning European session.
  • A weaker Dollar and overnight Retail Sales Ex inflation QoQ beat, has keep the currency underpinned.
  • The Kiwi is up across the board in the majors, beside the KRW, just flat on the session.
  • AUDNZD is through the August double bottom (1.0420) and the December low (1.0418), now lowest level since 13th April 2020.
  • Next support in the pair is now at 1.0392.
  • Looking ahead, we have very little in terms of market moving data.
  • At 14.30BST/09.30ET The US President meets virtually with G7 leaders to discuss Afghanistan policy.
  • And at 16.00BST/11.00ET: President of the European Commission Ursula von der Leyen and President of the European Council Charles Michel give joint press conference following the G7 leaders' meeting.
Energy BulletsCommodities
Energy BulletsCommodities

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