MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

Unemployment Rate Falls, But So Does Job-To-Applicant Ratio

MNI JAPAN JUNE JOBLESS RATE FALLS TO 2.5% FROM MAY 2.6%

MNI: UK JUL BRC SHOP PRICES -0.1% M/M, +0.2% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Greenback Well Supported Following Initial Blip Lower On Minutes Release

USD
  • FX REACT: After a very brief blip lower, the greenback is firming with the Bloomberg Dollar Index rising to the best levels of the day and equities remaining under pressure.
  • For EURUSD, an initial spike to 1.0928 saw some solid dollar demand with the pair now back below the 1.09 handle and fast approaching the early European lows at 1.0875.
  • As noted, this week’s selloff has reinforced a developing bearish technical threat. The break of 1.0945 signals scope for a deeper sell-off towards 1.0806, the Mar 7 low and a bear trigger.
  • In similar vein, USDJPY fell to touch 123.50 before finding good support and now resides just shy of the 124 mark and day’s high at 124.05. Technically, a corrective cycle is still in play despite recent gains, with clearance of 125.09 needed to confirm a resumption of the primary uptrend.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.