Free Trial

USD Re-Extends Push Above Historical Average In REER Terms

FOREX
  • The US dollar extended gains in real effective terms this week, rising 0.5% on a 5d/5d basis to move further above its 5- and 10-year averages at 6.6% and 11.4%, according to daily JPM data [scatter shows comparison of the two].
  • Whilst it tops the G10 table for differences to these longer-term averages, AUD, NZD and GBP sit relatively higher compared to ranges over the 5-year period.
  • CAD and NOK meanwhile have led declines on the week but JPY remains a clear standout at -16% below its 5-year average.

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.