Free Trial

Risk On keeps the lid on the USD

USD
  • AUD extends small gains since the EU cash Govie open, benefiting from the Risk On tone, helped by Asia and China prioritising growth.
  • The Aussie is the best performer against the USD, up 0.79% and at session high versus the Yen and the EUR.
  • Risk On is keeping the lid on the USD, in the red against all the majors.
  • Looking at risk, VGH3 (Estoxx) eye a test back towards the 3900.00 handle, and above the latter, a test to 3925.00 would have reversed the Hawk ECB move.

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.