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USD demand prevailing as Europe waits for NA to pick up the baton

We've seen a steady flow of greenback grabbing today in Europe. 28 Dec

Renewed/on-going optimism over US economic growth and inflation outpacing the rest of the globe and leading to further rate hikes the reasons being cited. No other prime movers of note.

GBPUSD down to 2-month lows of 1.2207 having broken down through a few bids/support between 1.2225-30. Larger interest at 1.2200 as I mentioned earlier and we're back to 1.2218 as I type.

EURUSD has fallen back through 1.0400 to post 1.0393 as USDJPY remains underpinned but it too is running into few offers around 117.80 as before with yen demand notable. GBPJPY down near session lows at 143.78 and EURJPY similarly 122.38.

EURGBP has found support at 0.8500 in a retreat from 0.8535. Demand noted down there with more behind between 0.8480-85.

AUDUSD 0.7176 near session lows with USDCAD 1.3570 underpinned still, helped by oil retreating off it's session highs.

I'm heading out now. Adam/Greg will be along at some point to post anything of note.

Good luck to those of you trading. See you tomorrow.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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