Makes ya wonder if someone had the inside skinny on PMI, don’t it? USD/CHF and USD/JPY, the two other near-zero yielders tend to react more to USD-positive data than EUR/USD. Both are zooming and the move began well-ahead of the data…Leaky, leaky? The fact that a nefarious US investment bank led the buying of USD/CHF makes the speculation all the more tantalizing.
USD/CHF resistance is scattered from 0.8440 up to 84.75. USD/JPY sellers are seen toward 80.90/00.
US 10-year notes are now firmer in yield on the day, at 3.13%