[MARKET UPDATE] DXY continues to trundle lower and at a session low of 96.25; Cable has now matched its 2025 high at 1.3788

DXY continues to trundle lower and at a session low of 96.25; Cable has now matched its 2025 high at 1.3788.

The ongoing decline in the DXY indicates a weakening US dollar, which could stem from various factors including recent economic data or shifts in market sentiment. Meanwhile, Cable's rise to match its 2025 high suggests that the GBP is gaining strength against the USD, potentially due to positive developments in the UK economy or shifts in monetary policy expectations. This dynamic may impact not only FX positions but also commodities and risk sentiment in broader markets.