-
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 AccessEarly USD Weakness Consolidates Ahead of Inflation Data
- The USD index is registering 0.6% losses on Monday, extending the most recent pullback from last week’s cycle highs to 2.3%.
- Greenback weakness has largely been driven by a firmer Euro, rallying alongside broadly hawkish tones from a number of ECB members both over the weekend as well as early Monday. Bundesbank chief Nagel flagged a persistent tightening bias at the ECB, stating that more clear ECB steps are needed if inflation lingers. Other speakers including de Guindos have suggested that another 75bps move is possible depending on data outcomes between now and the October meeting.
- EURUSD did breach the channel top, drawn from the Feb 10 high, which intersected at 1.0149 and represents a key resistance. Despite some early momentum, the Aug 17 high at 1.0203 has capped the topside and the pair has reversed back to 1.0110 ahead of the APAC crossover.
- Jumping on the coat tails of the single currency, GBP and CHF are the best performers, both rising over 0.7% against the greenback, with a notable 0.7% reversal lower in EURGBP after making a new marginal high for the year at 0.8722.
- A degree of optimism continues to filter through to risk sentiment, bolstering recent gains for major equity benchmarks. This has provided more moderate gains for the likes of AUD, NZD and CAD. The Japanese Yen is also underperforming alongside the greenback following another volatile session. USDJPY sits in the middle of today’s 142-143.50 range and will likely be the focus for investors approaching tomorrow’s significant US inflation readings given the pair's recent volatility over data releases.
- August CPI print is expected to see similar sequential figures as those in July, with a second month of core at a ‘lower’ 0.3% M/M (0.31% in July) and headline at -0.1% M/M (-0.02%) after another drag from energy.
- Before US CPI, we have the release of UK employment data and German/Eurozone ZEW sentiment readings.
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.