MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Meloni Says To Lower Taxes On Medium Incomes

MNI BRIEF: German Insolvencies Stable, But Job Losses Grow

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

MNI China Daily Summary: Thursday, January 9

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD: Cable extends losses below 1.2300

USD
USBulletMarketsForeign Exchange BulletsNorth America
  • The Dollar was and stays in the red against most G10 going into the European session, immediate focus is of course on the Pound, With Cable breaking through the 1.2300 figure on the European Cash Govie open, still printing fresh lows here.
  • As noted previously, the next support in Cable is seen further out, down to 1.2226 0.618 proj of the Sep 26 - Nov 22 - Dec 6 price swing.
  • All eyes will be on the Gilt Open, after the 30yr Yield reached its highest level since 1998 and the 10yr since 2008 Yestyerday.
  • Looking at current level, Gilt will look to open lower vs close, but will update nearer the time.
  • Other mover Overnight was the Aussie, losing some ground following the Retail sales miss, but Overall AUDUSD stays in a contained 0.6193/0.6217 range.
132 words

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.
  • The Dollar was and stays in the red against most G10 going into the European session, immediate focus is of course on the Pound, With Cable breaking through the 1.2300 figure on the European Cash Govie open, still printing fresh lows here.
  • As noted previously, the next support in Cable is seen further out, down to 1.2226 0.618 proj of the Sep 26 - Nov 22 - Dec 6 price swing.
  • All eyes will be on the Gilt Open, after the 30yr Yield reached its highest level since 1998 and the 10yr since 2008 Yestyerday.
  • Looking at current level, Gilt will look to open lower vs close, but will update nearer the time.
  • Other mover Overnight was the Aussie, losing some ground following the Retail sales miss, but Overall AUDUSD stays in a contained 0.6193/0.6217 range.