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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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FOREX

The Antipodeans sold off in muted Asia-Pac trade, which saw little in the way of notable headline catalysts. JPY also landed near the bottom of the G10 pile, while the greenback seemed poised for its first weekly loss this month.

  • GBP faced some pressure as reports re: potential delay to the UK's reopening plans continued to do the rounds.
  • NOK traded on a firmer footing, even as WTI slipped back below $70/bbl. It Scandinavian peers rose in tandem.
  • The PBOC set it central USD/CNY mid-point at CNY6.3856, 9 pips above sell-side estimates. USD/CNH lost some altitude, but yesterday's trough remained intact.
  • Focus turns to the UK's monthly economic activity data & preliminary U.S. Univ. of Mich. Survey. Central bank speaker slate features ECB's Holzmann & Knot, as well as BoE's Bailey, Ramsden & Cunliffe.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
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