Free Trial
USDCAD TECHS

Watching Key Support

COMMODITIES

Risk-On Of Sorts Supports Oil

AUDUSD TECHS

Resistance At The 50-Day EMA Remains Exposed

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
EMERGING MARKETS
  • RUB & ZAR making a sizeable turnaround in today's session on the back of some acute USD weakness.
  • While TRY remains the most bid after a bout of morning strength, it has failed to capitalize on this late-session USD selling – reflecting weak investor confidence.
  • USD/RUB made a new daily low below 73.50, but pulled back from Friday's low around 73.40.
    • Backing for Belarus and Lukashenko could see Russia run into Western opposition in the coming days during the EU Summit as countries come down hard on the Ryanair incident.
    • Russia 5Y CDS +3.5bp today
  • USD/ZAR is hovering around 13.92, with Friday's low at 13.89 below, bonds bull flattening with the 10Y leading
  • USD/TRY remains sticky above 8.35, with robust support below at 8.30
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@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.