Free Trial

Risk-Off Tone Creeps Into FX

FOREX

The risk off tone in regional equities is lending some support to the USD. The BBDXY back to 1222.50/60, versus session lows close to 1221. AUD/USD is back to 0.6685/90, versus earlier highs of 0.6706. NZD/USD is also off highs, last around 0.6170/75 (earlier highs of 0.6187), but is still outperforming the AUD. EUR/USD is back to the low 1.1050/55 region. JPY is outperforming at the margins, last at 134.15/20, versus a high of 134.37.

  • US equity futures are deeper in the red but weakness in the equity space remains dominated by losses in HK/China and also South Korea.

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.