Free Trial

A red start for the Greenback

USD
  • The Dollar shows in the red against all the majors, only the Rand and MXN are still in the red.
  • In G10s, the AUD and the Kiwi lead, all Risk and Yield led, driving the Dollar, although the fade in Equities is bringing both Currencies off their best level.
  • Looking at the last 5 days, today's picture doesn't reflect the overall Dollar strength, after Yields printed decade highs and Risk tumbled to their worst levels since March of late.
  • During the past 5 days, only the Yen is up 0.42%, and the Swissy is flat.
  • NOK and the CAD are down 2.38% and 1.76% respectively for that period aided by Oil plummeting lower, with WTI losing close to $11 in the past 5 sessions.
  • For now WTI has found support just ahead of $84.00, printed a $84.16 low Yesterday, lowest level since 1st September.

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.