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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

ECB

EUR/USD fell sharply, hitting new daily lows of 1.2067 while Bund futures and the EURIBOR strip rally aggressively following a report from Bloomberg citing unnamed officials as saying the ECB have agreed to push back on market rate cut skepticism.

The piece states that ECB policy markets are "uncomfortable" that markets appear to be largely ruling out more interest rate cuts, and have agreed to stress that such stimulus remains an option.

Bund futures hit new weekly highs at 178.12 in response, the highest level since Jan05.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com