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USDCNH up 0.97%

DOLLAR

Broader base buying in USD.

  • DXY is now hovering at the high of the session, and the Greenback test best levels of the session versus EUR, GBP, AUD, THB, SGD, ZAR and MXN.
  • USDCNH leads the way, and we are now up 0.97% for the offshore.
  • Next upside target for the pair comes at the 02/10 high at 6.7781, now at 6.7544.
  • AUDUSD fades towards 0.7200, and as noted earlier, we have 1bn of option expiry at 0.7200, which could act as a magnet going into the expiry this afternoon

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