The dollar is picking up some momentum ahead of North American trading
Fresh lows for commodity currencies, in particular the antipodeans as the dollar is seeing a bid going into US trading today.
AUD/USD is down to a low of 0.7447 as price continues to back away from a test of the 200-hour moving average over the past few sessions:
There is some minor support @ 0.7430 before more key support is seen @ 0.7400-10.
Meanwhile, NZD/USD is down to a low of 0.6997 while USD/CAD has moved off 1.2500 to 1.2530 currently. The loonie is not helped by an added slump in oil prices with WTI falling by nearly 2% to $71.75, continuing the drop from yesterday.
European stocks are slumping to fresh lows as well on the day, down by a little over 1% as the risk mood is not looking good outside of tech so far. S&P 500 futures are down 0.4% and Dow futures down 0.6%, but Nasdaq futures are only down 0.1%.