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Currency Markets Catch Up With Bond Yields as Greenback Fades Into NY Hours

USD
  • Greenback fading off the intraday highs headed into NY hours, with EUR/USD and GBP/USD recovering off the PMI-inspired lows. Currency markets playing catch up with bonds, as the US 10y yield retreats to the lowest levels of the session so far and looks comfortably through the Friday lows.
  • Unsurprisingly EUR futures volumes sit well ahead of average for this time of day, with cumulative activity 50% ahead. Similar story for JPY futures, however GBP markets are more muted despite the softer-than-expected PMI data this morning.
  • Larger options rolling off at the cut today include: EUR/USD: $1.1130(E512mln), USD/JPY: Y140.00($1.7bln), Y140.25($500mln), Y142.00-15($810mln), EUR/GBP: Gbp0.8600(E600mln), AUD/USD: $0.6780-00(A$1.5bln)
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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