MNI: US Dec Consumer Inflation Expectations Mixed -NY Fed

MNI BRIEF: BOC Releasing Pandemic Actions Review Jan 17

BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17

MNI China Daily Summary: Monday, January 13

MNI BRIEF: China December Vehicle Sales Up 10.5%

MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, Greece Syndications

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Greenback Eyes 50-dma Support - Last Crossed in February

FOREX
  • The greenback traded lower into the Asia close, helping give most major pairs a boost across early European hours. EUR/USD traded a new monthly high of 1.0764 while extends the recent recovery to hit 1.2667 - narrowing the gap with key resistance at the 50-dma of 1.2775. The equivalent level for the USD Index rests at 101.326.
  • As a result, the USD's the poorest performing currency so far, although price action and volumes have thinned across the European morning. AUD and NZD sit at the other end of the table, firming against all others in G10 as global equity futures inch toward the best levels of the week.
  • AUD/NZD is more rangebound, with the cross seeing some support earlier in the week from the 50-dma crossing at 1.0925.
  • US personal income/spending data for April crosses later today, alongside PCE and the final UMich report for May. Central bank speakers are few and far between Friday, with no major speeches on the docket.
Energy BulletsCommodities
Energy BulletsCommodities

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.