MNI BRIEF: Williams Is Confident Fed Getting Inflation Back To 2%

MNI China Daily Summary: Monday, July 1

MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

June CPI Below Market Expectations, Headline Y/Y At 2.4%

MNI: UK JUN BRC SHOP PRICES -0.2% M/M, +0.2% Y/Y

Multivariate Core Trend Inflation Falls To Post-2020 Low

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Solid Yields Lead USD Index Toward Bull Trigger

FOREX
  • The greenback trades well headed into the Tuesday session, with the USD Index showing above last week's highs and narrowing the gap with the bull trigger at August 20th's 93.729. The greenback is following yields higher - as has been the case since the beginning of the week - with the 10y yield today already showing above 1.54% and the highest level since mid-June.
  • Bond strength comes alongside equity weakness, with core markets off around 1% or so. The risk-off theme has filtered into growth proxies and high beta FX, leading NZD to trade at the bottom of the pile alongside NOK (which trades off despite firm oil prices).
  • JPY is failing to benefit from the stock market weakness, keeping the USD/JPY uptrend intact as it targets the July highs of 111.66.
  • US trade balance data and the September consumer confidence release are the data highlights Tuesday, with appearances from ECB's Lagarde, Schnabel and Panetta due as well as Fed's Evans, Powell, Bowman and Bostic.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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.