Morning Report: 06.30 London
- This morning, the US dollar is once again in command of FX flows, with the US dollar index heading back towards the November highs and dollar pairs suffering.
- The big losers so far have been the Australian and New Zealand dollars, often then bellwether of risk taking on financial markets.
- Commodity currencies continue to struggle, with the Canadian dollar suffering two days of significant gains for the USD/CAD.
- The euro is also experiencing follow on selling, with Belgium still on lock down.
Coming up today:
- Coming up today we have French flash manufacturing PMI at 08.00, with German flash manufacturing at 08.30. Pan European manufacturing PMI follows at 09.00. Service PMI data is released at the same time.
- Existing home sales follow at 15.00.
- Euro group meetings run throughout the day.
Trade Idea:
- The USD/JPY continues to mirror the general strength of the dollar generally. The dollar is setting the pace at the moment and it make sense to back the leader right now.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
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