Trial now
US TSY OPTIONS

BLOCK -- Adding to 5Y Puts as a Spd

EUROZONE ISSUANCE

EGB Supply For W/C Sep 20, 2021

USD

Sees broader base buying, led by risk

US TSY OPTIONS

BLOCK, Oct 5Y Puts

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • After retreating for four consecutive trading days the US dollar bucked the short-term trend and regained some poise on Friday.
  • The dollar index firmed 0.3% ahead of the month-end WMR fix, with reported signals from sell-side institutions mixed ahead of the event. Despite the minor recovery, the index is set to post a 1% weekly drop.
  • With stocks rolling off their highs, AUDUSD and NZDUSD came under pressure, the former losing roughly 0.65%.
  • EURUSD breached the 1.19 handle but stopped just shy of touted short-term key resistance at the 50-day EMA at 1.1916. Broad dollar strength brought he single currency back to lows of 1.1852, traded just before 4pm London.
  • The most notable turnaround in G10 was the Norwegian Krona where EURNOK reversed the majority of the last two days losses to post a positive week. USDNOK rose 1.15%.
  • Final European Manufacturing PMI readings on Monday before US ISM Manufacturing PMI headlines the docket. Canada will be out for Civic Holiday.
  • The main focus for markets next week will be Friday's release of US Non-Farm Payrolls. Other notable events include the RBA and BOE meetings as well as NZ and CAD unemployment.