Earlier I posted about the rumours doing the rounds about an RBA rate cut next week and we’ve seen a further drop to 0.9298 testing good support around that level.
Currently back to 0.9312 as USD sellers dominate the scene for the moment
EURUSD is surging like it hasn’t done all session posting highs of 1.3537 after triggering stops. Strong sell interest ahead at 1.3575 and beyond and cable is back above 1.6100 with EURGBP trading where we started at 0.8402.
USDJPY on session lows at 98.40 with USDCHF still leading the way at 0.9048 .
Expect more volatility as the next session unfolds.
