US Treasury Sec Mnuchin speaking from Davos has got USD bears in charge
The Munchkin is talking down the US dollar and the market is happy to respond.
GBPUSD up through good 1.4050 offers/res to post 1.4087. EURUSD on 3-year highs of 1.2344 and USDJPY now chewed through the descent demand into 109.75 to post 109.65. AUDUSD up through good res/offers around 0.8035 to post 0.8045
USD bears clapping their hands in glee as Mnuchin becomes the latest to talk his country's currency down.
Difficult to buck this softer USD trend but as always I'd advise don't get greedy and we'll see some correction as a matter of course.
