Odd fixing time this week
The London fix this week hits right at noon in New York because the UK changes clocks a week before NY. That might have left the market a bit thinner, especially ahead of the Fed tomorrow.
In any case, the commotion currencies are getting hit hard today, especially the antipodeans. AUD and NZD are down about 1.2% while CAD is down 0.4%.
However in the past few minutes, USD/CAD has run to a session high so that bears watching, especially with WTI extend its loss to $1.
This article was originally published by Forexlive.com. Read the original article here.