The commodity currencies are hitting fresh lows as the dollar grabs another round of bids following the BOE statement. It's not a good look for the br
The commodity currencies are hitting fresh lows as the dollar grabs another round of bids following the BOE statement. It’s not a good look for the broader market, which is stil holding up.
USD/CAD is up 160 pips now to 1.3750 while AUD and NZD make fresh lows since the pandemic.
Another spot to watch is USD/JPY, which is now up 111 pips to 144.45. The common thinking is that 145.00 was what triggered BOJ intervention.
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