Published at 10:01 (GMT) 20 Nov

Fx Market Alerts

Definitely in 'risk off' mode as we move towards the end of the week, and especially towards option expiry time. Perhaps unusually the reverse correlation between equities and the USD appears to have broken down for the time being, and instead the bigger influence is the big well advertised 1.48-1.51 DNT due to expire at 15:00gmt. At this stage it still looks safe, but it may get a downside test later, and as ever, the AUD is again acting as a 'fast EUR'. Here, buyers appear to have decided that discretion is the better part of valour, and though support at 0.9132 hasn't broken yet, it does look at risk. C.F.