Free Trial

USD Grinds Lower As E-Minis, Gold Pick Up A Bid

FOREX

The Asia-Pac session kicked off on a low gear, with light news and data flow leaving participants on the lookout for fresh catalysts. USD underperforms its G10 peers, as e-minis and gold have headed higher. Price action across the space has been sedate, familiar ranges have been respected. Greenback weakness has allowed USD/CNH to dip under yesterday's low.

  • Australian labour market report, U.S. initial jobless claims, final German CPI and comments from Fed's Bostic & Brainard take focus from here.

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.