• 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.

USD under pressure this morning

Last updated at:Sep-20 00:38
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.

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