MNI: GERMANY Q4 FLASH GDP -0.2% Q/Q, -0.2%Y/Y

test message from mni

MNI FED WATCH: Powell-No Hurry To Cut Still-Restrictive Rates

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: Fed Statement Comparison - January vs. December

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI: EUROZONE Q4 PRELIM FLASH GDP +0.9% Y/Y

MNI: EUROZONE DEC UNEMPLOYMENT RATE 6.3%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD: The Dollar is bid, USDJPY tests session high

USD
USBulletMarketsForeign Exchange BulletsNorth America
  • The Dollar trades on the front foot going into the European session, the talk of the Town remains on the Pound, and while plenty are pointing out at the early sell off in Cable, note that GBPUSD is still short of Yesterday's worst level of 1.2239, after only managing a 1.2267 into the European Cash Govie open, now some 20 pips off that low.
  • The NOK has now taken over the British Pound as the worst performer in G10, on the back of the bounce in Cable combined with some small selling interest in the NOK following the Weaker Scandie Inflation.
  • Despite Norway's lower CPI, USDNOK is still short of Yesterday's best level.
  • With Yield still tilted to the upside, the USDJPY stays close to its highest level since 17th July, printed at 158.55 this past Wednesday, so far only managed a 158.44 high, testing right now.
  • A clear break through, would open to 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing.
165 words

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.
  • The Dollar trades on the front foot going into the European session, the talk of the Town remains on the Pound, and while plenty are pointing out at the early sell off in Cable, note that GBPUSD is still short of Yesterday's worst level of 1.2239, after only managing a 1.2267 into the European Cash Govie open, now some 20 pips off that low.
  • The NOK has now taken over the British Pound as the worst performer in G10, on the back of the bounce in Cable combined with some small selling interest in the NOK following the Weaker Scandie Inflation.
  • Despite Norway's lower CPI, USDNOK is still short of Yesterday's best level.
  • With Yield still tilted to the upside, the USDJPY stays close to its highest level since 17th July, printed at 158.55 this past Wednesday, so far only managed a 158.44 high, testing right now.
  • A clear break through, would open to 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing.