|02:50 EDT||FX Update: The dollar has continued to trade firm|
FX Update: The dollar has continued to trade firm against most other currencies and commodities. USD-JPY has logged a fresh three-week high at 124.23, EUR-USD has failed to hold rebound gains above 1.0900 after clocking a 15-week low yesterday at 1.0855, and USD-CAD has made a new six-year peak of 1.2973. An exception has been Cable, with sterling holding up well as markets discount BoE tightening alongside a Fed tightening. GBP-USD has held steady in the 1.56s while EUR-GBP has slipped to a fresh eight-year low at 0.6951. The Aussie has held up comparatively firm too, with AUD-USD holding steady around 0.7400 after recovering from yesterday's major-trend low at 0.7350, despite RBA's Edwards saying that, "I certainly think analysts have room to move lower" regarding the currency. Elsewhere, it has been another positive day for Chinese stock markets, and most other Asian markets too.