Fresh highs in the dollar
The bond selloff has stalled but the US dollar hasn't.
The steady march in the dollar has pushed it to session highs across the board. There is a brewing potential for an outside bearish day in AUD/USD as it falls to 0.7648 from a high of 0.7732. Yesterday's low was 0.7643 and a break could hit stops.
Cable is also suddenly at a four-day low.