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CROSS ASSET: EUR extends gains post Spanish PMIs

CROSS ASSET
  • A good beat from Spain, but no real impact in Bund, with desks likely more focussed on the German CPIs.
  • The EURUSD has extended higher, but the initial push higher was more a function of the Dollar, as its tests broader lows against the GBP, CZK, PLN, MXN, SGD, CHF, ZAR, SEK and NOK.
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  • A good beat from Spain, but no real impact in Bund, with desks likely more focussed on the German CPIs.
  • The EURUSD has extended higher, but the initial push higher was more a function of the Dollar, as its tests broader lows against the GBP, CZK, PLN, MXN, SGD, CHF, ZAR, SEK and NOK.