 | |  | | GBP/USD, EUR/USD Flows - Relentless USD selling continues
There is now ignoring the price action in the FX markets, and the USD is clearly under the cosh. The market is clearly using US data to suit the move, and it it's the negative relationship with stocks that is winning out. Cable is back testing 1.6000 again, despite repeated selling interest above the figure from UK names. A US investment house was also seen on top last week, with funds also coinciding sales here with those in EUR/USD well ahead of 1.3800. As such, AUD/USD has been dragged up towards parity, while USD/CHF has fallen under .9400 once again.
AUD/USD, GBP/USD Flows -AUD, GBP firm amid USD softness
The dollar sell-off is pretty plain to see in GBP/USD and AUD/USD trading today. The tone of trading reflects a desire is rumored to be notably among reserve managers for diversification out of dollars. That said, this week's trading could be fairly volatile, particuarly heading into the end of the week when the US non farm payrolls are due. Our above consensus view, if realized, could refresh USD bids if the market chooses to return its attention to US economic fundamentals.
若是周五非农预期好,市场仍会聚焦美国经济,美元仍会反攻。 |  |  |  |  |
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