A firmer USD has started to assert itself after a fairly non-committal start to Asia-Pac dealing, with the greenback moving to the top of the G10 FX table. No doubt the early moves higher in USD/CNH & USD/JPY have played into the broader USD uptick. More broadly, the likely 50bp hike from the Fed on Wednesday, coupled with global recession fears and the expectation for further Fed tightening is playing into the USD bid at the start of a new week. Broader liquidity is limited by the previously flagged holidays across several major Asian financial centres & London, with headline flow very limited thus far.
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
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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 credibilityfor 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.
We are facing technical issues, please contact our team.
Your request was sent sucessfully! Our team will contact you soon.