It was turnaround Thursday for the greenback yesterday and the bulls are constructing on that as we speak. The buck is proving extra resilient in buying and selling this week, bouncing again strongly now after its post-Fed stoop. EUR/USD is right down to a three-week low of 1.0810, eyeing a break of its 200-day shifting common:
There may be minor assist and a few bids layered at 1.0800 for now however it’s getting harder to disregard the broader greenback momentum in play for the time being.
GBP/USD can be down 0.5% to 1.2588 and threatening a break of its personal key each day shifting averages right here. In the meantime, USD/CHF is up above 0.9000 for the primary time in three months.
Trying over to the antipodeans, they’re getting hammered as properly in buying and selling as we speak. AUD/USD is now down 0.8% to 0.6513 and eyes a check of the 0.6500 mark. And NZD/USD is down 0.6% to close the 0.6000 stage on the day. Each the aussie and kiwi should not helped by a breakdown within the Chinese language yuan as we speak.
USD/CNY has jumped up above essential resistance at 7.20 because the begin of the yr. The pair is buying and selling at 7.227 presently. And that’s additionally partly feeding to extra greenback power we’re seeing as we speak.