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Yield Surge Tips USD to Best Levels of the Day

FOREX
  • Fresh upside across the US curve after UMich is prompting some USD buying here - dragging EUR/USD, GBP/USD and others to new daily lows with just 30 mins to go to the Friday WMR fix. Greenback now second only to CAD on the day.
  • EUR/USD's 25 pip slip lower is the largest move of the session so far, but the pair's still comfortably above yesterday's lows of 1.0724. Volume spike across the UMich data not enough to underpin daily volumes, with EUR futures seeing cumulative activity ~15% below average for this time of day.

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