-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessDollar Index Snaps Losing Streak, NZD Sharply lower
- A mixture of solid bank earnings and potential profit taking ahead of the weekend worked in favour of the USD on Friday. The DXY has risen around 0.6%, snapping a three-day losing streak in the process. The greenback rally picked up momentum following the bumper University of Michigan sentiment release: 1y inflation expectations came in well ahead of forecast (4.6% vs. Exp. 3.7%, the biggest beat on consensus since 2021) and the associated moves in US yields (2-yr +13bps).
- Weakness for equities left antipodean currencies at the bottom of the G10 pile, with a notable 1.5% drop for NZD. However, it is worth noting that the moves are just an unwind of the prior day’s significant rally. GBPUSD sits close behind, declining 0.95% and hovers just above the 1.2400 handle approaching the weekend close.
- This is potentially an important turnaround for cable given the bullish significance of the recent breach of 1.2448, the Jan 23 high and the top of a broad 3.5 month range. The weekly close back below this point could test the resolve for bulls, especially ahead of next week’s UK CPI data.
- In similar vein, EURUSD has been unable to consolidate above the 1.10 handle and the recent trend highs of 1.1033, sliding 0.55% on Friday and halving the week’s advance.
- Overall, the USD Index remains over 1% below the Monday high, but has steadily been paring these losses throughout the session. 101.80 marks the 50% retracement of the week's range, of which a breach may prove constructive for a further recovery towards the 50-dma which intersects at 103.45.
- Monday’s docket sees US Empire State Manufacturing as well as potential comments from ECB’s Lagarde. China GDP data, along with other activity metrics, all cross early on Tuesday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.