USD under pressure this morning
Feb-01 08:09
Oil Bullets+ 1
- GBPUSD about 30 pips higher on the day, with moves starting around 7:00GMT.
- EURUSD also about 30 pips higher.
- Moves started shortly after the European fixed income cash open, with the Euribor/SONIA strips moving lower more than the Eurodollar strip. EUR helped also by the French HICP data but has accelerated after the print.
- Dollar bloc currencies all strengthening on the day now, despite oil moving lower and the RBA now delivering as hawkish a message as some had expected.
