Free Trial

USD Slips On Firmer Equity Futures/Yield Downtick

FOREX

The skew has seen USD weakness emerge in the last part of trade. Overall moves are modest, with the BBDXY off 0.06%, last near 1240.40, but all of the G10 is higher against the USD at this stage.

  • Cross asset wise, US yields have ticked lower, while US equity futures have firmed, Nasdaq futures leading the way, up nearly 0.25%. This has likely been a factor in USD softness.
  • AUD/USD is up 0.15%, last in the 0.6530/35. We are still well below pre NFP levels above 0.6600 form last Friday though.
  • Focus will be on the HK/China equity market open, with HK markets gaining ground in the first part of trade. China's CSI 300 little changed.
  • NZD/USD is back to 0.6100, still below earlier highs, while USD/JPY sits marginally lower, last at 147.85.

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.