We noticed some US greenback demand into the London repair all week and that was a preview of as we speak’s flows, because the greenback accelerated into the ultimate repair of the month.
USD/JPY touched a session excessive up 76 pips to 145.74, whereas the Australian greenback additionally fell to a session low at 0.6775. The euro and pound are barely above the sooner lows.
It is robust to make sense of market strikes at month finish as flows prime fundamentals. Trying forward, September seasonals are poor for threat trades however that does not at all times switch into the kinds of strikes you’ll count on in FX. As a substitute, appears for a wholesome dose of fundamentals to dominate, together with non-farm payrolls subsequent week and price selections from all of the majors, beginning with the Financial institution of Canada on Wednesday.
The loonie is especially risky as we speak after a good GDP report. Word that it is a vacation within the US and Canada on Monday so the flows in USD and CAD are notably sturdy as we speak.
USDCAD 10 minutes
