Free Trial

Mild USD Bid In Early Trade


The greenback is marginally stronger in early dealing on Friday. BBDXY is ~0.1% firmer, 2 Year US Treasury Yield are up ~1bp.

  • Kiwi is pressured, NZD/USD prints at $0.6240/45 ~0.1% softer. ANZ has lowered its 2022/23 milk price forecast to 8.25/kg.
  • AUD/USD is also softer, however yesterday's lows remain intact for now. The pair sits a touch of session lows at $0.6675/80.
  • Yen is little changed from yesterday's closing levels. USD/JPY has observed a narrow ~20pip range with little follow through on moves. On the wires a short time ago Japan's February National CPI crossed. Headline (3.3%) and Core (3.1%) figures were in line with expectations. Core-core measure was a touch above expectations at 3.5%.
  • Elsewhere in G10 NOK is the weakest performer at the margins. USD/NOK is ~0.2% firmer, bulls look to target the 20-Day EMA at 10.50.
  • E-minis are a touch firmer in early trade, up ~0.1%. Australia’s ASX200 is down ~0.4%.
  • There is a thin docket in Asia for the remainder of the session. Further out we have flash PMIs from Europe and the US, as well as Durable Goods Orders.

To read the full story



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.