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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

EM FX

FOREX

Turkish Lira is once again leading EMFX weakness in early trading.

The currency is down 0.63% against the Greenback,despite some state bank involvement last week.

  • USDTRY is just off the high at 7.31, ahead of yesterday's high, and seen as a key level by some market participants at 7.40.
  • USDZAR is down 0.2%, despite the better risk on overnight and in early European trading. -Local desk only note thin turnovers, with rates slightly steeper, after the long weekend.
  • Resistance is eyed at yesterday's high 17.7865, ahead of the 22/05 high at 17.8793.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com