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USD Rallies alongside the US 10Y & DXY -......>

FOREX
FOREX: USD Rallies alongside the US 10Y & DXY
- The USD inspired rally broke a number of key technical levels today with added
support from stronger-than-expected US Retail Sales. The US 10y traded at
multi-year highs above 3.09%, Gold breached $1300 for the first time since
December & USDJPY cleared the 200-dma.
- GBP, EUR, & NZD all printed fresh YTD lows, with EM's hit the hardest,
particularly COP, ZAR, TRY & CLP.
- EURUSD touched $1.1820, GBPUSD extended its corrective pullback off Apr17
highs to $1.3451 and a 900+ pip swing. NZD slipped to $0.6854 but did see modest
recoveries following the stronger dairy auction.
- AUDUSD eased to $0.7448. AUDNZD flirts with the 200-dma at NZ$1.0885.
- CAD suffered after remarks from Mexico's Economy Minister Guajardo that said
he does not see a NAFTA deal before the May17 deadline. Already struggling with
the USD inspired rally, CAD slipped to C$1.2925.
- EURSEK dropped 7 big figures to Sek10.2740 after remarks from Riksbank Deputy
Governor Skingsley that said path accommodates October rate increase.

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