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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

CEMEA FX Rallies as US NFPs Underwhelm

EMERGING MARKETS
  • USD/TRY notches sharply lower following US NFPs, paring the initial post-CPI weakness to return below 8.30, but falling just short of yesterday's swing lows
  • USD/ZAR also moved lower following the data and is now holding a fraction below the 100dma and yesterday's swing low
  • USD/RUB takes the cue from the weaker USD, moving below yesterday's lows to approach the 75.50 level. Close below 72.655 is a bearish development for the cross opening up the June lows at 71.55
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com