The USD remains under pressure in Asia trade

The weakness in the USD is extending.

Catalysts cited include:

• easing trade tensions, or at least not worsened
• expectations of closer Fed rate cuts given the softer CPI

EUR/USD has hit a seven-week high, and other FX is rising alongside, yen and Swissy notably.

CAD, AUD, NZD are all laggards

This article was written by Eamonn Sheridan at www.forexlive.com.