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Why MNI
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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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Free AccessJ&J Pauses Covid-19 Vaccine Trial, FX Space Sees Defensive Moves
The re-opening of cash Tsy trade after the elongated weekend in the U.S. brought an uptick in the DXY and the greenback has taken a lead in G10 FX space. It coincided with weakness in e-minis, which has helped bolster safe haven currencies. The Antipodeans underperform in the basket, with AUD leading losses. AUD/USD has crossed below the $0.7200 figure. Defensive moves have gained traction just before a STAT report noting that a J&J Covid-19 vaccine test has been paused due to patient illness got some broader airing.
- USD/CNH shot higher amid renewed demand for the greenback, rising past yesterday's high. Today's PBoC fix will garner attention, as will Chinese trade figures, due at some point later today.
- Elsewhere, German ZEW Survey, U.S., German & Swedish CPIs, UK labour market report take focus today. Bank Indonesia delivers its MonPol decision, while BoE's Bailey, ECB's de Cos, Fed's Barkin & Riksbank's Ingves are set to speak.
To read the full story
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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.