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USD loses some sparkle again as fears of Fed rate hike recede

The US$ is finding some early sellers as European trading gets underway.

Asian equity wobbles ( Nikkei and SCI both closed lower) have seen some yen demand return as traders look beyond Thursday's ECB meeting and pre-empt the US Fed.

Friday's stronger jobs/weaker earnings report have left the jury well and truly out but for the moment it's the "no-hike"USD bears prevailing.

GBPUSD has posted new session highs of 1.4276 after an initial look below 1.4240 again while EURUSD has been up to 1.1031 although the euro overall is still a little wobbly with one eye on the ECB.

USDJPY is 112.90 again from 113.20 with large option expiries at 113.00 today casting a shadow too.

Markets remain fragile and ever fickle so we should continue to see good two-way business.

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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