Currencies Well Bid Ahead of ECB Event Risk

As has been the pattern of late, currencies are well bid into the US session, with the exception of the Yen, which has extended setbacks against the USD. It is however quite unusual and potentially somewhat telling to see that the bid in currencies has not been led by the higher yielding antipodeans, but rather the Euro and Swissie, which both track higher by some 0.50% against the buck on the day.

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Original post by Joel Kruger

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