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Core FI Cheapens Again

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(Z1) Bull Trigger Remains Exposed

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(Z1) Support Cleared

ASIA RATES

Indian Borrowing Plan Boost Shortlived

FOREX

Greenback Continues To Creep Higher

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(Z1) Slide Extends

EURO
EURO: The weekend's political events have played out inline with expectations.
- Germany's SPD party voted in favour of forming a Grand Coalition with the
ruling CDU/CSU bloc, although the latest trade related rumblings out of the US
are seemingly overshadowing this positive development, after US President Trump
threatened to slap a tariff on the European auto space if the EU retaliates to
his recently announced steel/aluminium tariffs.
- Elsewhere, the exit polls from the Italian election have been released (these
haven't always been the most reliable indicator in the past). Rai's exit poll
for the lower house gave the following estimates: Centre-right 225-265 seats, 5
Star Movement 195-235 seats, Centre-left 115-155 seats (316 are needed for a
majority). The Euro initially rallied with the "as expected" results coming to
fruition, as EURUSD touched 1.2365, but we are off of best levels for the pair
as the hung parliament in Italy indicates a weak coalition and uncertainty, all
eyes are now on the official results.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com