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USD Index To Fresh Multi Month Lows, As Tsy Rally Extends

FOREX

The BBDXY has broken through late Nov lows, last near 1228.45 (session lows at 1228.3) This is lows back to August for the index. Yen strengthened into the Tokyo fix, trading to fresh session highs (142.05). USD/JPY was last 142.15/20. US yields continue to fall, led by the front end, the 2yr now down 8bps to 4.35%.

  • Elsewhere, AUD/USD is above 0.6700, while NZD/USD has climbed to 0.6215/20. Both currencies remain the strongest performers for the session.
  • For the AUD we are now above the bull trigger, 0.6691 (Dec 4 high), paving the way for 0.674.

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