Free Trial

Tight Ranges

FOREX

Volatility across G10 FX space was subdued in Asia as participants continued to assess Fed rate-hike outlook in the interim between the release of the expectation-beating NFP report last Friday and the upcoming U.S. CPI data due Wednesday. The BBDXY index mostly held below neutral levels.

  • USD/JPY traded on a marginally softer footing, with 1-month risk reversal oscillating near two-month highs printed on Monday.
  • The Aussie dollar paced losses as participants parsed high-frequency local data. Consumer confidence deteriorated in August, even as business sentiment rebounded in July.
  • The global economic docket is very light through the rest of the day.

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.