Posted on: 09 June 2016, by: Pepperstone Support, category: Market Review
The USD sell-off continued on Wednesday, leaving BRL, MXN, RUB, ZAR and PLN as the best performer globally.
The US 10y saw a strong auction, holding 1.68/1.70% support.
EUR got some interesting news. CNBC reports: "Commerzbank, one of Germany's biggest lenders, is examining the possibility of hoarding billions of euros in vaults rather than paying a penalty charge for parking it with the European Central Bank, according to sources familiar with the matter."
GBPUSD continues to consolidate and now holds just above 1.4500. The 1.4723-69 region is the area to watch this week, holding two highs in late May, the 200d MA, and downward sloping trend line.
There was just one piece of US data; this had no impact. Jolts job openings was late but surprised to the upside. 5788 versus 5675 expected.