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Incremental Multi-Week High For BBDXY In Lieu Of Chinese PMIs & CPI Prints Out Of Europe


Fresh multi-week highs for the BBDXY have been registered in recent trade, with another soft round of Chinese economic activity data, this time in the form of official PMIS, adding to the recent trend. This will be feeding through into USD strength via the rest of the world (excluding U.S.) growth channel. Elsewhere, softer than expected CPI readings from France and the German state of NRW are biasing the EUR lower (the weighting of the EUR in the BBDXY is ~31%).

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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