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USD: GBP and CHF are under early pressure

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  • The Dollar was on the front foot across G10 overnight and going into the European Cash Govie Open.
  • USDJPY has again seen a volatile session, testing the September high of 147.21, did print a 147.24 high (prices are according to Bloomberg), but has fallen back some 70 pips from that level since.
  • Early notable mover has been the Pound following BoE Bailey Dovish interview, Cable fell 77 pips, was trading at 1.3246 at the time headlines hit: " Sees chance of more aggressive cuts, watching middle east events closely".
  • Support in Cable is at 1.3154 Low Sep 19.
  • Swiss CPI came below consensus, and USDCHF has in turn jumped some 20 pips on the release.
  • As such the Pound and the Swissy are the worst performers in G10s against the Dollar, down 0.74% and 0.39% respectively.
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  • The Dollar was on the front foot across G10 overnight and going into the European Cash Govie Open.
  • USDJPY has again seen a volatile session, testing the September high of 147.21, did print a 147.24 high (prices are according to Bloomberg), but has fallen back some 70 pips from that level since.
  • Early notable mover has been the Pound following BoE Bailey Dovish interview, Cable fell 77 pips, was trading at 1.3246 at the time headlines hit: " Sees chance of more aggressive cuts, watching middle east events closely".
  • Support in Cable is at 1.3154 Low Sep 19.
  • Swiss CPI came below consensus, and USDCHF has in turn jumped some 20 pips on the release.
  • As such the Pound and the Swissy are the worst performers in G10s against the Dollar, down 0.74% and 0.39% respectively.