Trial now
US

Sen Manchin May Leave Democratic Party

GBPUSD TECHS

Northbound

GERMANY

Jens Weidmann Succession at the Bundesbank?

US TSYS/SUPPLY

Review $24B 20Y-Bond Auction Re-Open, Large Tail

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • The greenback trimmed Thursday's losses to close back toward the upper end of the week's range Friday, keeping the USD Index within range of the bull trigger at the mid-August high of 93.73. Friday saw modest risk-off trade, with equities edging lower on the back of further concerns surrounding China's property development giant Evergrande. USD bondholders were yet to receive a payment due on Thursday, potentially triggering the grace period and default process.
  • The risk off tone worked against growth proxies and high beta FX, pressing AUD and NZD to the bottom of the G10 pile. AUD/USD faded back toward the week's lowest, keeping the bearish theme intact and targeting the bear trigger at 0.7220.
  • Focus in the coming week turns to thew fallout from the German elections, MNI Chicago Business Barometer data as well as the ISM and UMich releases.