The USD is moving lower today extending that move in early NY trading

The USD is trading to new session lows to start the US trading session. US stocks are higher and rebounding off of the sharp declines on Friday. Yields are lower.

• EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term: The EURUSD is moving above its 200 hour moving average for the 2nd time today. Buyers are making a play. Risk is a break back below the 200 hour moving average
• GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term: The GBPOUSD moved away from its 200 100 hour moving averages in the early Asian session and are extending the range in the early US session. Buyers are cheering on the lower yields in the UK.
• USDJPY: The USDJPY did make new multi decade highs on 2 separate attempts today (above the Friday high). Each of those breaks had limited momentum. The prices back down testing shorter-term moving average levels could see more downside momentum (if those MAs can remain broken).
• USDCHF: The USDCHF is breaking below its 100 hour moving average at 0.9993. That is now a risk defining level for sellers. Stay below is more bearish