Free Trial

The USD continues to trade relatively flat....>

FOREX: The USD continues to trade relatively flat in Asia, after a modest bout
of softness heading in to the Tokyo fix unwound the majority of the greenback's
early session gains.
- The NZD continues to underperform on the back of the soft January trade data,
but the Kiwi is off of worst levels.
- FOMC Chair Powell's testimony to congress will present the major risk event on
Tuesday, while German CPI, comments from the Bundesbank's Weidmann and US
Durable Goods data also provide event risk on Tuesday.
- Notable option expiries in play include EUR1.16bln worth of EURUSD 1.2350
expiries on Tuesday, with EUR1.56bln of the same strike set to roll off on
Wednesday. For the AUDUSD A$912mln worth of 0.7800 expiries & A$1.01bln of
0.7900 expires will roll off on Wednesday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.