Free Trial
EURJPY TECHS

Corrective Pullback

EUROZONE ISSUANCE

EGB Supply For W/C May 9, 2022 (2/2) - Upcoming

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX
FOREX: The rhetoric in the FOMC's Sep MonPol meeting mins allowed the DXY to
move to a fresh session high on Weds, with the USD already running higher into
the release. Mins highlights: many project above-neutral rates, need for
temporary restrictive policy, the removal of 'accommodative' is not a signal of
policy change while tariffs & trade uncertainty pose downside risks. Preference
for gradual hikes remained.
- The latest semi-annual U.S. Tsy FX report failed to name China as FX
manipulator, although it produced elongated communication surrounding
CNY/China... perhaps a final warning?
- Softer than exp. UK CPI dogged GBP ahead of the Brexit summit between EU
leaders & UK PM May. The recent impasse continued, with questions surrounding
the likelihood of a Nov summit as no new ideas emerged re: the long held issues.
- CAD & NOK came under pressure as oil fell. NZD/USD faltered around $0.6600, as
the rate failed above the figure, last $0.6540 as USD strength weighed.
- Australian employment & UK retail sales hit Thurs, as does the BOK MonPol
decision & speeches from BoJ Gov Kuroda, ECB's Nowotny, Fed's Bullard & Quarles.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.