Dollar lower in a quiet session

During today’s London session, markets have continued to remain relatively quiet given the lack of tier one data along with a relatively muted reaction to the weekend’s US-led airstrikes.

Despite the market’s relatively muted reaction, USD is down across the board, with USDCAD now below the 1.26 handle and USDCHF testing the 0.96 handle.

Elsewhere, GBP continues to remain supported by strong expectations for a May hike with GBPUSD now above the 1.43 handle and GBPNZD breaking through 1.94 handle and already approaching the 1.95 handle.

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