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.
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.