Big moves in the dollar in the past few minutes as the S&P 500 fell to the lows of the day.
It’s been a whippy ride in EUR/USD today but it looks to have resolved lower as 1.3190 gave way. The next shoe to drop is USD/JPY as it continues to wear down Japanese corporate offers ahead of 100.50. Look for extended USD strength if that breaks.
Cable has sunk all the way back to the zone of support around 1.5300 and the 55-day moving average but it’s picking up some bids there.
