Free Trial

A red start for the Dollar

  • The Dollar shows mostly in the red in early trade, and despite the higher Yields, Risk is tilted to the upside, with similar unwind in Equities after they fell ahead of the weekend on Friday.
  • Both the Emini and Estoxx futures gapped higher overnight.
  • Best early performer is the Kiwi, after the opposition National Party won the election, and while it is up 0.65%, over the past 5 days, it is still down 1.64%.
  • Main support in NZDUSD is at 0.5859, the September low and lowest print since November.
  • Market participants will continue to keep a close eye on the USDJPY and the BIG 150.00 level, printed a 149.83 high last week.

To read the full story



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.