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USD: Volumes Picks Up in EUR/USD, Dragging GBP/USD Higher With It

USD
USBulletMarketsForeign Exchange BulletsNorth America

Better interest to sell the USD emerging in recent trade, with EUR/USD inching back toward the overnight highs and yesterday's late 1.0530 print. Futures markets show an uptick in activity at 0903GMT, across which 1750 contracts (cash equivalent ~$230mln) changed hands for the best volume of the session so far.

  • EUR/USD buying helping drag GBP/USD back to unchanged, but resistance seen further out: weak into 1.2613 but stronger into 1.2757.
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Better interest to sell the USD emerging in recent trade, with EUR/USD inching back toward the overnight highs and yesterday's late 1.0530 print. Futures markets show an uptick in activity at 0903GMT, across which 1750 contracts (cash equivalent ~$230mln) changed hands for the best volume of the session so far.

  • EUR/USD buying helping drag GBP/USD back to unchanged, but resistance seen further out: weak into 1.2613 but stronger into 1.2757.