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USD: Greenback Breaks Out, Pressing Major Pairs to New Lows

USD
USGlobalBulletMarketsForeign Exchange BulletsRegionNorth America

Further USD strength resulting in new pullback lows for both EUR/USD and GBP/USD here - EUR/USD breaks below both the 1.06 handle as well as the mid-April low on the move. First time with a firm 1.05xx handle since November last year.

  • AUD is now nearing the post-election low at $0.6513 - weakness through here is the lowest level since August.
  • These moves are dollar-led here, with EUR crosses still largely rangebound - as BBG flash - the Bloomberg USD Index is breaking to new highs, and highest since late 2022 on last print.
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Further USD strength resulting in new pullback lows for both EUR/USD and GBP/USD here - EUR/USD breaks below both the 1.06 handle as well as the mid-April low on the move. First time with a firm 1.05xx handle since November last year.

  • AUD is now nearing the post-election low at $0.6513 - weakness through here is the lowest level since August.
  • These moves are dollar-led here, with EUR crosses still largely rangebound - as BBG flash - the Bloomberg USD Index is breaking to new highs, and highest since late 2022 on last print.