FX Breakout Monitor: CHF weakness extends, gold breaks lower
The most prominent recent development among G10 majors has been the persistent weakness in the Swiss franc, where safe haven demand has evaporated after the long Brexit delay and on rising yields and the generally supportive risk-on trading environment.
Latest China data boosts euro, Aussie
China reports strong data, boosting the euro modestly overnight and the Aussie, especially versus the New Zealand dollar in the wake of the latest NZ CPI data. Elsewhere, US long interest rates and US equities play a game of chicken as both march higher – which blinks first?