AUD/USD, EUR/USD flows: Figure breaks
Dollar remains on n/t rise as AUD and EUR dip through figure levels
Worth noting in passing that as the risk tone continues to flag, S&P down around -0.8% on the day, and yields continue to press the upside, the dollar is taking out some of the big figure levels. Metals remain quite weak, silver off 5%, and the copper pullback is off around 38% retracement of the Mar-May runup now.
AUD/USD selling picked up after taking out 0.71 support, and EUR/USD also through 1.16 if less cleanly. USD/CHF also picking up through 0.79 back towards the late April highs. Immediate momentum still currently favouring a bit of a position cull on the most favoured long trades (aussie specs had been particularly stretched) and a gradual squeeze higher on the dollar.