Free Trial

Oil Prices Under Pressure, Markets Await Chair Powell/Biden

LATAM
  • A sharp drop in oil prices overnight, triggered in part on global growth concerns, has helped drag on yields (and equities). In related news, Pres Biden is set to ask Congress to suspend the Federal fuel tax; he speaks at 1400ET.
  • Fed Chairman Jerome Powell delivers semi-annual monetary policy testimony before the Senate Banking Committee.
  • Broader price action having little impact on the dollar index on Wednesday with MXN grinding to the best levels of the session in recent trade.

To read the full story

Close

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.