Free Trial

A negative start for the Dollar

USD
  • A negative start for the Dollar, in what look to be more of an unwind, with Yield still elevated, albeit off their high, and looking at Estoxx and Emini, they are both trading in negative territory.
  • While VGU3 trades close to Yesterday's mid range, the the Emini (ESU3) has cleared Yesterday's low and eye next support at 4485.50.
  • Main early focus in FX, is in the Yen, which has gained some ground overnight, after Japanese headline hit at midnight UK time, with Japan’s top currency official Kanda saying he won’t rule out any options if current moves in the exchange rate continued.
  • USDJPY is drifting back towards 147.00 as Europe comes in.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.