Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 07 - 02:55 PM

USD: DXY Is Dominating G10 FX; It Is A Very 'Dollar' Centric' Market At The Moment - ANZ

By eFXdata  —  May 07 - 01:30 PM

ANZ Research discusses the current conditions in FX market and notes that the USD Index (DXY) is currently dominating the movements in G10 FX.

"With lack of other fundamental catalysts driving markets at the moment, G10 FX is becoming increasingly about moves in the USD. Our aggregate correlation analysis shows that we are in a very ‘dollar-centric’ market at the moment, with the DXY sitting at the top of the list of important drivers for almost all the G10 pairs,"ANZ notes. 

"This seems to align with the behaviour we’ve seen in currency markets over recent weeks with the impetus from both equities and yields waning, consigning most pairs to a relatively narrow trading range," ANZ adds. 

m92.PNG

Source:
ANZ Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!