The greenback is still struggling, but sterling's woes today are greater
It's a quiet, but draggy session for the USD as it's on the backfoot against the major pairs today. EUR/USD briefly broke 1.1800, while USD/JPY is testing session lows of 113.32.
However, the biggest loser thus far is the British pound. The currency continues to be weighed down by sellers as political sentiment a la Brexit lingers on in spite of last week's "progress" to trade talks this week.
Kiwi remains the biggest gainer on the day so far thanks to a spike following the announcement of Adrian Orr as the next RBNZ governor. The jump once again, is more of a relief rally than anything else.
Meanwhile, USD/JPY's hourly chart shows a continued fall in the pair once the upward sloping trendline was broken earlier.
Another chart to look at is the GBP/JPY chart as the pair gets rejected for the 3rd time at daily highs on Friday in its run up to break above 153.00. The pair continues to be sold today as well.
