Free Trial

In the red against G10 into the EU Govie open

USD
  • The USD remains in the red against G10s, and has been for the past 5 days, with the SEK up 2.05% and the best performer for that period.
  • Although the Yen is up overnight and this morning, the Currency is still down 1.51% versus the Greenback for that same period.
  • Risk On tone on the hope of a less aggressive rate hike path from the Fed, has been the main driver.
  • The Yen is the best performer in early trade, up 0.52% and testing the 130.00 handle, but trading circa yesterday's mid range.
  • Support would be seen further out, at the 129.15/129.04 area.
  • GBP, AUD, and EUR also test session lows against the JPY in early trade.

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.