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US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

EURJPY TECHS

Firm Within Its Bull Channel

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USD/RUB running lower in recent trade, hitting lowest levles since April 5th. Move seems to coincide with headlines that Biden has proposed a summit meeting with Putin in a third country for the coming months - could suggest a possibly more amicable outlook for relations relative to the firmer and more hostile headlines we saw earlier this morning.

  • USD/RUB support undercuts at 25.8894, the 76.4% retracement of the April rally