[MARKET ANALYSIS] DXY holds on to recent spoils after strengthing alongside yesterday's tech sell-off
News detail
DXY: +0.1%Holds on to recent spoils after gaining yesterday in risk-off trade, which was spurred by a tech sell-off, while newsflow outside of equities had very little impact on the FX space, and US data releases were mixed as S&P Global Flash PMIs beat expectations, but Richmond Fed Manufacturing dropped.EUR/USD: -0.1%Remains lacklustre after steadily retreating beneath the 1.1400 handle, owing to the firmer buck, while flash PMIs from Europe were mixed and the latest ECB rhetoric provided little incrementally.GBP/USD: -0.1%Reverted to sub-1.3200 territory with price action choppy so far this week amid the ongoing political uncertainty.USD/JPY: %Traded sideways at the 161.00 handle amid ongoing intervention risk, while Services PPI data matched estimates and the BoJ Summary of Opinions noted officials advocated to continue raising rates.Antipodeans: AUD/USD -0.2% / NZD/USD -0.3%Marginally underperformed amid the flimsy overnight risk sentiment and after mixed monthly CPI data from Australia.
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