Free Trial

USD Regathers at NY Crossover

FOREX
  • Minor wave of USD buying evident at the NY crossover, helping drag the likes of EUR/USD and GBP/USD back toward the earlier session lows and putting overnight highs in the USD Index at 95.75 under pressure.
  • Move coincides with some relief across US equity futures, with the e-mini S&P bouncing off the week's lows of 4463.50 (ahead of Friday's 4438.50).
  • Using futures as a gauge, FX volumes are a touch below average for this time of day, with EUR, GBP more muted - although JPY markets are slightly more active.

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.