Though its losses through Tuesday were moderate when measured against most of its counterparts, a lull in activity for the benchmark dollar only amplified its poor performance in its key pairings. Looking at the greenback’s most liquid crosses, EURUSD would take charge with a sharp reversal of Monday’s losses that would briefly see the pair trading at its highest level in a month. Follow through was still a notable absentee when the session closed out; but the Asian session found the market egging the pair higher.

read full article