Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

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
FOREX
FOREX: USD index plumbs new 2020 low
- Further EUR strength persisted throughout the Thursday session, with EUR/USD
establishing a clean break above the $1.16 handle. This put further pressure on
the greenback, resulting in the USD index slipping through the COVID-crisis lows
to hit levels not seen since 2018. The ruling out of a payroll tax cut in the
next iteration of the CARES act added weight to the greenback alongside poor
weekly initial jobless claims.
- GBP traded poorly following the latest round of talks between the UK and EU -
which ended with little progress, resulting in both sides issuing a stark
warning that an encompassing deal may not be met ahead of the end of the
transition period. EUR/GBP sits just below late June's multi-month high.
- PMI data takes focus headed into the final session of the week, with prelim
July PMIs due from Australia, the Eurozone, UK and the US. US new home sales and
UK retail sales figures also cross.
- The Russian central bank rate decision is also due, with the bank seen cutting
rates by 50bps to 4.00%.

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.