Currencies: Dollar stays under pressure as global repositioning continues
Tuesday was again a volatile session on global markets. For now the unwinding of carry trades is no support for the dollar. On the contrary, the decline in USD/JPY is weighing on the dollar across the board. EUR/USD is testing the 1.3319 resistance. The bond markets are showing tentative signs of a pause. Will this slow the sell-off of the dollar too?
Read the full report: FX Daily
KBC