Forex Strategies

Daily FX Update

The collapse in the U.S. 10‐year yield back to 2.34% (within range of the year‐to‐date low of 2.30%) and

Today’s highlights: EURUSD above 1.2689/99 can see the formation of

The NZD/USD has plunged 5% in the past month, with RBNZ intervention talk (and action) coinciding with the broader USD upswing.

EUR/USD: traded back above the pre-NFP levels early on the back of the broad-based dollar correction.

Into the North American open, the USD is strong, equities are weak and yields are lower in the U.S. but higher across Europe.

Today’s highlights: EURUSD trend remains lower while capped below

The NZD has recovered lost ground in line with the othermajors against the USD, with profit-taking the likely culprit.

Today’s highlights: EURUSD breaks to a new cycle low,

The NZD was thumped lower in line with the rest of themajors off the back of US employment reports on Friday.

The USD is strong, even as U.S. yields remain low, equities rise and commodities drop.

Today’s highlights: EURUSD’s bounce remains seen as corrective ahead of a resumption of

The NZD/USD has been the strongest performer out of itspeers over the past 24-hours, sitting at 0.7880 this morning.