US yields are leading the charge and the USD is showing strength across the board. The AUD/USD is also opening on a very weak footing, below previous lows, and with market volatility likely to increase on the back of moves in the Yuan as well as US Treasuries, further losses are very likely in my totally biased opinion! EUR/USD is holding for now above 1.3000 but the bears look to be wresting back control there though I think USD bulls would be better served against the JPY, CHF and AUD.
Not much of interest on the economic calendar and the market will look to see how USD/Asia reacts to overnight events.
Good luck today.
