We’ve seen EURUSD up to 1.3616 in a rush along with EURGBP to 0.8490, EURJPY 133.84 and EURAUD 1.4242
Nothing out on the wires that I can see so I have to say the euro is leading the way in USD sales as European traders sit down and digest the aftermath of the US debt deal. The US economy is giving cause for concern and this deal is only kicking cans down the road.
GBPUSD is back up to 1.6030 and AUDUSD 0.9569
Anyone got any better ideas ? please feel free to share !
Add: Thanks to various readers for highlighting that Chinese ratings agency Dagong has downgraded US from A to A- thus explaining the USD sell-off
It doesn’t justify all the move in itself, but it does demonstrate the fragility of this market and its ongoing US concerns.