FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Greenback Weaker as Equities Progress, Yields Slip

FOREX
  • The EUR/USD uptrend persists early Tuesday, with the pair showing above the recent 1.2245 high and hitting multi-month highs in the process. This narrows the gap with 2021's best levels at 1.2349.
  • The greenback is weaker across the board, slipping alongside Treasury yields ahead of the NY open, with the curve modestly flatter through the European morning.
  • Similarly, with the JPY is softer, underperforming alongside the USD, as markets watch the persistent equity strength boosting US futures further. EUR/JPY is nearing the cycle highs posted May 19th at 133.44.
  • Vols are steady, with the front-end of the curve across DMFX holding much of the early May strength.
  • Central bank speak remains the focus, with another busy slate Tuesday. Fed's Barkin, Evans and Quarles are due to speak as well as the ECB chief economist Lane and BoE's Tenreyro.
  • US new home sales and consumer confidence numbers are the data highlight.
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.