Free Trial

Greenback Holding Bulk Of Tuesday's Advance, US ISM Services PMI Due

LATAM
  • US Treasury yields are holding the bulk of the Tuesday rally, with the 10y oscillating either side of the 2.75% level. This keeps currency markets in line, with markets holding the bulk of Tuesday's greenback strength. As a result, EUR/USD remains just below the 1.02 mark, with USD/JPY close to 3 points above the week's lows.
    • Focus turns to the final PMI data from the US, as well as June factory orders. ISM Services numbers also cross, and are expected to show a slowing to 53.5 from June's 55.3. Fed speakers on the docket include Bullard, Harker, Daly, Barkin and Kashkari.

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.