NZD/USD keeps melting as US yields push higher

NZD/USD bears offer no respite as the downtrend keeps extending towards the 0.7000 handle. Friday is the most important day of the week for the USD with the PCE and GDP data.  The surging US 10-year note yield remains the main driver behind the US dollar


EUR/GBP sub-0.8740 waiting for EU and UK key data

The EUR/GBP is slowly drifting down but the range remains very narrow suggesting that investors are waiting for more information.  Next key event in line is the ECB rate decision on Thursday which is widely expected to leave rates on hold.   The EUR/GBP is