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STIR

Daily Effective Fed Funds Rate

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Jun 28, 2021

US EURODLR OPTIONS

Large Block Kickstarts Early Trade

SOY TECHS

(X1) Bearish Theme Intact

COPPER TECHS

(U1) Bearish Focus

USD

Spell of greenback strength crossing in recent trade as European session gets underway in earnest.

  • EUR/USD pressed to new session low of 1.2113 and USD/CNH testing the overnight best levels of 6.4708.
  • Moves follow persistent weakness in Eurozone numbers this morning, namely that Spanish PMI miss and dire German retail sales figure earlier today (-9.6% vs. Exp. -2.0%).
  • EUR/USD still a way off the first key support, which today crosses at 1.2054, marking the Jan18 low.