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Dollar, Treasuries Slipping Pre-Payrolls

CROSS ASSET

Both the Greenback and Treasuries have edged lower in recent trade, helping buoy EUR/USD to the best levels of the day and boosting 10y US yields to their highest levels since Jan 12.

Markets appear to be gearing for a decent reading at today's jobs report, with the whisper number a touch above consensus forecast.

  • The moves come ahead of today's NFP reading, which has a particularly wide range of forecasts (-250k at the low, +400k at the high).
  • Improvement in EUR/USD is now nearing the 1.20 handle which should provide some resistance ahead of the Jan 18 low at 1.2054 and the 50-day EMA above at 1.2095.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesEquitiesBulletMarketsEmerging Markets NewsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesEquitiesBulletMarketsEmerging Markets NewsForeign Exchange Bullets

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