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Free AccessDollar Holding Bulk of Monday Losses
- After Monday's weakness, USD is bouncing ahead of Tuesday NY hours, with EUR also gaining. Nonetheless, the greenback is yet to erase Monday's weakness, holding the bulk of the losses. GBP is among the session's poorest performers, although GBP/USD still managed to hit a new April high at $1.3919 before retracing.
- Both AUD & NZD also lag. The RBA rate decision overnight was unchanged - as expected - however the board stressed that they would wait for further signs of economic normalization before making any decisions on forward guidance.
- Stocks hit new alltime highs in early Asia-Pac trade, but are pulling very slightly lower ahead of NY hours. The e-mini S&P is off around 0.2% but remains above the key 4,000 level that was topped late last week.
- There are no major data releases among developed markets Tuesday, with February JOLTs job openings numbers the only notable release. Fed's Barkin is due to take part in an online discussion at 1930BST/1430ET.
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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.