The dollar has been on the ebb, inversely correlating with the strong rebound on Wall Street yesterday, which spilled over to most Asian stock markets today. The USD index (DXY) drifted to a two-day low at 93.02, while EUR-USD etched out a three-day high at 1.1846, extending the rebound from yesterday’s one-month low at 1.1753. Cable lifted to a two-day high at 1.3036, extending gains out of the six-week low that was seen yesterday at 1.2884, before retreating back under 1.3000.
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