Free Trial

Pressure Extends On Antipodeans, SEK Weakest In G-10

FOREX

Pressure on the Antipodeans, which was seen alongside volailte trade in USD/JPY and US Equity Futures retreating from session highs has extended in recent dealing.

  • AUD/USD is down ~0.4% last printing at $0.6465/70. Bears target the low from May 31 ($0.6458) a break through here opens $0.6403, 76.4% retracement of Oct 22-Feb 2023 bull leg.
  • Kiwi is down ~0.3%, bears target the $0.59 handle which opens the low from 10 Nov 2022 ($0.5841).
  • USD/JPY has pared early gains, the pair printed its highest level since Nov 2022, and now sits little changed from opening levels.
  • USD/SEK is up ~0.8%, however liquidity is generally poor in Asia.
  • Cross asset wise; US Tsy Yields are a touch firmer as is BBDXY. US Equity futures are unchanged, e-minis paring an early session gain of ~0.3%.

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.