US Dollar demand still notable amid fragile risk sentiment
Thursday 24 September 2020
GBPUSD now 1.2736 after lows of 1.2690.EURGBP now 0.9150 after failing at 0.9180 from lows yesterday of 0.9137 as the Euro decline oustrips GBP falls for the moment.
I stay poised to sell GBP rallies as my preferred side and buy back in the dips as ever. Patience continues to be a virtue and entry level key as always. I still see dip demand though with markets still in a state of uncertainty overall.
USDJPY 105.36 in a new range now of 105.20-70 as USD demand continues but risk sentiment fragile still so JPY demand tempering rallies.
EURUSD 1.1653 after lows of 1.1637. Sellers poised now into 1.1680
USDCHF 0.9260 as EURUSD falls after lows of 0.9215. Support from SNB still into 0.9150-60. Today thet left interest rates on hold as expected and continued to want weaker Franc.
AUDUSD 0.735 after a further retreat from 0.7080-00 amid the general USD demand
USDCAD 1.3400 after highs of 1.3415 amid the sofrt risk/oil/higher USD combo
Markets are ever-fickle so do contact me if there's areas that you might need some further help with.
Let's continue to be careful out there in all things. Staying safe must be our main priority still.
Interbank rates: 08.55 BST