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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.
USD
The BBDXY hit the lowest level since March earlier today
- Meanwhile, USD downside protection remains in demand, with the 1-month BBDXY risk reversal moving to the lowest level seen since the COVID outbreak.
- This means that a hawkish outcome at the upcoming U.S. risk events presents the greatest risk to market positioning.
- Today’s benchmark payroll revisions are generating greater interest than usual, with the labour market loosening and the Fed more evenly focused on both sides of its dual mandate
- Click for our full preview of that event.
- The July FOMC meeting minutes will also cross later today, although more focus is on Fed Chair Powell’s Friday appearance at Jackson Hole.
- Click for our full preview of those events.
Fig. 1: BBDXY Vs. BBDXY 1-Month 25-Delta Risk Reversal
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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