Free Trial

USD Loses Some Ground As Tsy & Equity Futures Tick Higher

FOREX

As the Asia Pac morning session unfolds we are seeing more USD weakness. Higher beta FX gains are now up to 0.30%. NOK is the best performer, closely followed by NZD, which was last near 0.6025/30. AUD/USD trails slightly, last near 0.6700, up around 020%. EUR around JPY are around 0.15% higher at this stage.

  • The BBDXY is off 0.20%, last near 1253.6. MXN is outperforming in the EM space, last around 0.40% firmer.
  • The main focus remains on US Presidential race now that Biden has dropped out. Some of the Trump reflation theme has cooled modestly, in line with slightly lower Republican election odds.
  • US Tsy futures have ticked modestly higher, while US equity futures are also higher, led by the Tech side.

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.