A good day at the European office for the greenback 16 Feb
Crisis? What crisis? lol
USD demand prevailing this morning and that's seen USDJPY rally above 106.00 albeit holding reluctantly first and second time round but now making further progress to 106.20.. Offers/res lurking between 106.30-50 and I'll waiting to see if that holds.
GBPUSD finally breaking down through 1.4100 to post 1.4057. Option expiry interest still at 1.4100 so we may not go too much further. EURUSD down to 1.2485 with loads of option interest in play and blurring the picture a little. Interest too at 0.7950 on AUDUSD and we've seen a retreat back there from 0.7989 earlier.
USDCAD is stuck around 1.2475-85 with option interest at 1.2475 and 1.2500.
All in all some decent USD demand but I think it's a little too early for the bulls to be sharpening their horns just yet.
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