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USD trends in the red

CROSS ASSET
  • The Greenback trends in the red, overnight and since the European Cash Govie open.
  • Equity futures have seen small bounces, but are short of Yesterday's best levels.
  • Best early performer is the NOK, up 0.55%, and now targeting 10.5520 in USDNOK, Yesterday's low, although, better support is seen at the 10.47 area.
  • Some desks will be keeping an eye on Banks, once again today, as per Bloomberg: "S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders."

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