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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

Greenback Loses Ground

FOREX

G10 price action has been largely lacklustre thus far, USD underperforms at the margin. DXY has extended losses, narrowing in on multi-year lows. The greenback's weakness seems to be flow driven or a continuation of the recent trend, as there has been little in the way of fresh headlines to drive the move. Some pressure may have come from previously flagged USD/JPY sales into the Tokyo fix.

  • USD has softened vs. all major EMFX but TRY.
  • USD/CNH has slid under yesterday's worst levels and hovers just above its multi-month lows as we type. The PBoC fix is due shortly.
  • Focus moves to RBA Aug MonPol meeting minutes, U.S. housing starts & building permits and comments from ECB Vice Pres de Guindos.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com