Free Trial

Risk Bounces, Dragging USD Index Off Multi-Month High

FOREX
  • JPY is weaker early Friday as the recent risk-off theme unwinds somewhat. Equities are firmer headed into the final trading session of the week, with futures indicating a positive open later today.
  • The bounce in risk sentiment is helping support antipodean currencies so far Friday, which bounce off the week's underperformance. AUD/USD is clear of the Thursday highs, opening 0.7636 for direction.
  • The USD index is off the week's multi-month high printed yesterday (highest since November) but remains above the 200-dma at 92.605 which should keep the outlook positive.
  • US data takes focus going forward, with US personal income/spending and PCE numbers for February crossing at 1230GMT/0830ET. Speeches from BoE's Saunders & Tenreyro also cross.

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.