Up, Up, Up in the dollar
As London/European traders look to exit for the day, the dollar is trading at extreme level.
Looking at the chart above the pairs against the dollar are all near or at the day's extremes.
What are not moving far from the 0 line (unchanged on the day) are a lot of the cross currency pairs. Why? The dollar is king against all the pairs, so if the dollar is up 1.21% against the GBP and 1.24% against the JPY, the GBPJPY is going to be relatively quiet (i is up 37 pips but that is not a huge move for that pair).
The % changes are all up there as well (see chart below).
