The USD is in the doghouse today.
Apart from what has been posted there is little news/data.
Concern over a US government shutdown is being cited. I'd be careful of marrying that view point but it might do for now.
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The USD has lost ground in Asia trade to open the new FX week
- The potential for a US government shutdown is cited, in the absence of any other narrative today
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Italy April services PMI 49.8 vs 47.6 expected
- Spain services sector falls into contraction territory as Middle East uncertainty weighs
- How can bitcoin traders trade today using the tradeCompass at investingLive.com
- What are the main events for today?
- FX option expiries for 6 May 10am New York cut
- Japan goes hard with latest intervention push, USD/JPY drops to ten-week low
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