Dollar pushes higher as risk becomes more defensive to start European trading

Risk aversion begins to enter the session

The dollar is now rising with EUR / USD falling to a new low of 1.1822 below its 200 hour moving average as sellers look to gain control in the near term.

EUR / USD S1 19-11

It comes as European equities fall alongside US futures, with the DAX now down 0.9% while S&P 500 futures are down 0.5% on the day.

Elsewhere, 10-year Treasuries yields are also down 2bp to 0.85% now.

The more defensive risk push keeps the Dollar and Yen underweight as we are also seeing GBP / USD lower to test near 1.3200-10 support currently and AUD / USD is also looking to slide below its moving average over 200 hours of 0.7285, testing the support. @ 0.7272.

Meanwhile, USD / CAD also climbed back above 1.3100 as buyers look to push for a more short term bullish bias on a break above its 100 hour moving average @ 1.3098.

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