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MNI EUROPEAN MARKETS ANALYSIS: USD Mostly Weaker

MNI (SYDNEY)
  • US yields edged higher, as the Fed's Daly suggested their is no urgency to cut rates. Still, this unwound only some of Wednesday's yield dip. The USD was mostly lower, with yen and NZD outperforming.
  • Known BoJ board member dove Nakamura gave dovish remarks around further policy adjustment, but this afternoon stated he wasn't against hikes.
  • South Korean markets remain on watchpoint. The opposition leader is pushing for an impeachment vote of President Yoon this Saturday.
  • Looking ahead, the Fed’s Barkin speaks and US November Challenger job cuts, October trade and jobless claims print. Canadian November PMI, German October factory orders and euro area retail sales are also released. BoE’s Greene speaks.

MARKETS


US TSYS: Higher Yields Consolidate Across the Curve.

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MNI (SYDNEY)
  • US yields edged higher, as the Fed's Daly suggested their is no urgency to cut rates. Still, this unwound only some of Wednesday's yield dip. The USD was mostly lower, with yen and NZD outperforming.
  • Known BoJ board member dove Nakamura gave dovish remarks around further policy adjustment, but this afternoon stated he wasn't against hikes.
  • South Korean markets remain on watchpoint. The opposition leader is pushing for an impeachment vote of President Yoon this Saturday.
  • Looking ahead, the Fed’s Barkin speaks and US November Challenger job cuts, October trade and jobless claims print. Canadian November PMI, German October factory orders and euro area retail sales are also released. BoE’s Greene speaks.

MARKETS


US TSYS: Higher Yields Consolidate Across the Curve.

Keep reading...Show less