- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - Data
- MarketsMarkets
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
LATEST FROM POLITICAL RISK: - About Us
MNI INSIGHT: BOE Tiering Likely To Lag Negative Rates
Canada Data Calendar
MNI POLICY: Riksbank Jansson: -0.5% Negative Rate No Problem
INVITATION: MNI Political Risk Webcast On Thursday Jan 21
USD Remains Under Pressure on Election Jitters
Morning attempt for a USD recovery, EUR/USD pressed to a low of $1.1731 on the back of disappointing Germany GDP fizzled out in early NY. US GDP and Weekly Jobless claims provided no major surprises, Q2 GDP the worst quarter of growth on record though came in slightly above expectations, whilst analysts see some hope in the jobless claims details. However, the USD was given a knock lower by a US Trump tweet suggesting the November election could be delayed on safety concerns (some suggest this was done to deflect away from the economic performance data). EUR/USD spiked to $1.1810, posting a fresh YTD high, then eased to $1.1775 through the fix. Decent demand for EUR/GBP and EUR/AUD at the fix then provided the next upside boost, triggered stops through $1.1810/15 high took rate on to $1.1827, the rate retaining its underlying buoyant tone at writing. Technical resistance seen to $1.1835, a break to expose $1.1850. Support at $1.1780/70, $1.1730 ahead of $1.1710/00.