Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
The greenback traded well for the first half of the Thursday session, before a short, sharp spell of risk-on worked against the USD, spurring the USD index to sink into negative territory ahead of the close. The USD sales spurred EUR/USD briefly back above 1.2140, despite further stressing from the ECB that a rate cut is not off the table if the circumstances change.
JPY was comfortably the poorest performer Thursday, with USD/JPY cracking through major resistance at the bear channel top of 104.40 (drawn from the March 2020 high). This confirms a resumption of the uptrend that started at the beginning of January and opens levels not seen since November.
Focus Friday turns to French, German and Canadian GDP releases and US personal income/spending figures for December. The first Fed speakers since Wednesday's FOMC decision are due, with Kaplan and Daly both on the docket.