Free Trial

USD Marginally Pressured

FOREX

The greenback is a touch pressured this morning, US equities are a touch firmer as the USD gives up some of yesterday's gain. Ranges in G-10 FX are narrow with little follow through on moves.

  • AUD/USD is ~0.1% firmer last printing $0.6645/50. On the wires this morning we have the April Westpac Consumer Confidence and March NAB Business Survey.
  • Kiwi is also a touch firmer, however a narrow 15 pip range has been observed thus far.
  • Yen is a touch firmer, USD/JPY last prints at ¥133.50/60 the pair has been dealing in a narrow 10 pip range.
  • Elsewhere in G-10 EUR and GBP are a touch firmer.
  • Cross asset wise; US equities are a touch firmer and US tsys are little changed. BBDXY is ~0.1% lower.
  • Official CPI/PPI data from China headlines in the Asia-Pac session. Further out we have Eurozone Retails Sales and NFIB Small Business Survey headlines an otherwise thin docket.

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.