[MARKET UPDATE] Broad USD weakness continues, DXY hits new lows, GBP & AUD outperform; USD/JPY set to revisit earlier lows; newsflow remains light

The persistent weakness in the USD reflects broader market trends, with the DXY hitting new lows and both GBP and AUD showing notable strength.

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[MARKET UPDATE] Broad USD weakness continues, DXY hits new lows, GBP & AUD outperform; USD/JPY set to revisit earlier lows; newsflow remains light

European Closes: Euro Stoxx 50 -0.05% at 5,953, Dax 40 +0.01% at 24,859, FTSE 100 -0.07% at 10,143, CAC 40 -0.07% at 8,143, FTSE MIB -0.58% at 44,832, IBEX 35 -0.67% at 17,544, PSI -0.54% at 8,558, SMI -0.72% at 13,149, AEX -0.01% at 1,000

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This may signal a shift in risk sentiment, impacting cross-asset flows, particularly in the metals and FX markets, while the USD/JPY pair nearing earlier lows suggests potential volatility ahead. Traders should consider implications for positioning and future rate expectations amidst the current thin newsflow.

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