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USDCAD TECHS

Key Resistance Is At 1.2203

AUDUSD TECHS

Still Range-Bound

US TSYS SUMMARY

Decent Action on Narrow Range Ahead Wed's FOMC

EURJPY TECHS

Corrective Cycle Still In Play

TRY leads EMFX weakness

TURKISH LIRA

TRY comes under renewed pressure during our early European session.

  • TRY is down 0.85% against the USD and 0.71% versus the EUR.
  • This is providing some reversal in the Rand, as the latter gives back some of its early bid, despite the better Risk on tone.
  • Estoxx and S&P are testing high of the day.
  • USDTRY is eyeing a test back above 7.30, now at 7.28, ahead of yesterday high at 7.3485
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com