Free Trial

A red start for the Dollar

CROSS ASSET
  • Not too surprisingly, the Dollar is on the back foot going into the European session, in what has been a less than positive week on the data front out of the US.
  • This has provided a Risk On tone, with Emini breaking its contract high Yesterday, and in turn SPX and NDX recorded fresh new all time record highs.
  • The move was Equity led Yesterday, which helped US Yield lower and the 10yr through 4.30%, down to 4.2735%, a two Months low.
  • Best early performer is the Swissy, albeit by just 0.18%, while the Kiwi, Yen and Pound sit closer to flat.

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.