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US markets lead the way

FOREX
  • US markets have led the way in early European trade, with Yield higher, and in turn a supported USD, as market participants and Investors price risk of more aggressive rate hike path from the Fed.
  • The Dollar saw some broader base upside continuation, but has faded somewhat off its best level, as Europe awaits for the US to join the session.
  • Worst performer in G10 is the Kiwi versus the Greenback, and the NZDUSD cross has now lost just over 2.5% in the past three sessions.
  • Pound and the EUR were under pressure against the Dollar, but are off their worst levels at the time of typing.
  • Looking ahead, there are no tier 1 of market moving data, attention is already turning to the US CPI and the ECB next week.
  • Remaining speakers are ECB Panetta, Stournaras, Maklouf and Herodotou
  • Most of the focus today, will be on French Election polls, with many expected to hit throughout the day, no set times, but it's the last day polls can be published

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