The US dollar is under broad pressure in early New York trading.
The buck just carved out fresh session lows against the commodity currencies and is beginning to erase progress it made earlier against the yen, pound and (to a lesser extent), the euro.
With the Fed meeting just over a week away and US dollar positions stretched, traders are paring dollar positions. Despite election-related worries in Brazil, emerging markets are also looking slightly better after Chinese GDP data and that’s underpinning the commodity bloc.
