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USD suffers light losses after US.............>

FOREX
FOREX: USD suffers light losses after US equites/tsy yields drift.
- The DXY was the main driver at the NY crossover, the index touched highs of
91.919 but again failed to take out resistance from the 200-dma (91.98).
- Minor USD sales started to emerge attributed to the slight miss in US Personal
Income data (0.3% vs median 0.4%). As UST yields retraced earlier gains,
equities turned negative triggering risk-off via the JPY crosses. EUR, NZD &
AUDJPY slipped to respective lows, USDJPY pressured on the move, touched Y109.09
- EURUSD recovered off lows of $1.2064, briefly made a show above $1.2100 before
fading. GBPUSD squeezed in tandem to $1.3786 but soon pared gains.
- Antipodeans continued on the defensive, pressured by a weaker commodity
complex. NZDUSD looks set to suffer its 9th negative trading session in the last
10. AUD eased to $0.7533 and flirts with 12 week bear channel base support.
- USDCAD extended its corrective pullback to C$1.2806, before dip buyers
cushioned falls. Stops are reported on a break of C$1.2800.
- EURSEK struggles continued after the Riksbank pushed out rate hike
expectations last week. EURSEK printed multi-year highs of Sek10.5948.
Energy BulletsCommodities
Energy BulletsCommodities

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