Free Trial

Greenback Comes Under Brief Bout of Selling Pressure

USD
  • Greenback slips lower in recent trade, with the USD/JPY rate dropped back below the Y149 handle. No headlines / news behind the move immediately apparent.
  • Move also seen in USD/CNH, which backtracks off the record high printed this morning. Could raise speculation that Chinese authorities are selling USD via state-run banks (as we saw last week) - but no confirmation of this just yet.

To read the full story

Close

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.