US dollar slumps as we close in on the London fix

Heavy dollar selling

The dollar selling the models predicted into the London fix is kicking in.
That has helped to send EUR/USD up to 1.1020 after hitting a low of 1.0981 at the start of North American trade.
The move in USD/CAD is particularly impressive given the huge drops in oil and natural gas prices. Crude is now down more than $2 on the day yet USD/CAD is at a session low at 1.3279.