MNI BRIEF: Fed Banks Unanimous On Steady Discount Rate-Minutes

MNI BRIEF: Powell - Immigration Has Neutral Inflation Impact Over Long Run

MNI China Daily Summary: Tuesday, July 9

MNI BRIEF: Mexico Inflation 4.98% In June, Above Consensus

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: 12/14-Year Bund Auction on Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction On Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Marginally Lower In Early Trade

FOREX

The greenback has ticked lower in early trade on Friday, BBDXY is down ~0.1%. US Equity Futures have pared some of Thursday's losses, e-minis are up ~0.5%, and US Tsy Yields are a touch firmer.

  • The AUD is leading the bid in the G-10 space, AUD/USD is up ~0.2% at $0.6330/35. TEchnically The bearish outlook for AUD/USD is intact, support comes in at $0.6270 the Oct 26 low and key support. Resistance is at $0.6414, 50-Day EMA.
  • Kiwi is a touch firmer however ranges do remain narrow thus far. Thursday's high remains intact for now.
  • Yen is little changed from opening levels. The uptrend remains intact, resistance now comes in at ¥151.09, 2.674 proj of the Jul 14-21-28 price swing. Support is at ¥149.37, the 20-Day EMA.
  • Elsewhere there have been little moves of note in G-10 space.
  • PPI from Australia crosses at the bottom of the hour, further out we have China's Industrial Production which rounds off today's APAC docket.
Energy BulletsCommodities
Energy BulletsCommodities

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.