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$1B CDP Launched; $18.55B Priced Monday

SWITZERLAND

CHF LIBOR FIX - 18-05-2021

EUROZONE

EUR LIBOR FIX - 18-05-2021

JAPAN

JPY LIBOR FIX - 18-05-2021

Pullback from the ECB Draghi react......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Pullback from the ECB Draghi react high Monday of $1.1815 saw rate
mark a low in late NY of $1.1744 before it nudged back toward $1.1750 into the
close. Asia extended this minor correction to $1.1759 before USD demand into the
Tokyo fix(Tokyo return from a long weekend and Sep25 a Goto-bi day) reversed
move, taking it down to $1.1731. Rate recovered to $1.1746 into Europe with
early trade remaining slow. EZ yields were given a boost Monday by Draghi's
comments on inflation outlook but with UST yields edging back toward 3.10%
(10yr) seen providing a better counter. ECB Chief Economist Praet speaks three
times during the day(0810GMT, 1045GMT and 1230GMT) and provides domestic
interest in an otherwise data light calendar. Support $1.1731/24(Asia/Sep24
lows), resistance $1.1760 ahead of $1.1780 with area above $1.1800 still
expected to provide for headwinds.   
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com