FX

GBP/USD remains pressurized in the Asian session. US dollar Index stands at 10 weeks high at 92.33. GBP remains under pressure amid Brexit chaos and delayed economic reopening GBP/USD continues to trade lower on Monday while trailing the previous seven session’s downside movement. The pair trades in a very narrow trade band before slipping below
EUR/USD loses the grip further to 1.1870/65. The dollar advances beyond 92.00 to new tops. German 10-year yields regain the -0.20% area. The selling pressure around the European currency remains well in place and forces EUR/USD to give away extra ground to new 2-month lows in the 1.1870/65 band on Friday. EUR/USD offered on dollar
NZD/USD bulls are attempting to correct the US dollar’s advance. However, there are prospects for a longer bullish rin in the greenback. NZD/USD is trading at 0.7006 and flat n the day as traders wind down for the weekend following a turbulent and busy past few sessions surrounding both domestic and non-domestic key events.  The
USD/JPY lost its traction after rising to multi-month highs. Falling US Treasury bond yields seem to be weighing on the pair. US Dollar Index clings to strong daily gains above 91.70. Following Wednesday’s upsurge, the USD/JPY extended its rally and reached its highest level since early April at 110.82. However, the pair reversed its direction
A subdued USD demand assisted AUD/USD to regain positive traction on Wednesday. The technical set-up favours bearish traders and supports prospects for further losses. Traders seemed reluctant to place aggressive bets ahead of the FOMC policy decision. The AUD/USD pair refreshed daily tops during the early North American session, albeit quickly retreated few pips thereafter.