Free Trial

USD Snaps Lower, But Swiftly Recoups Losses Following Mixed Payrolls

DATA REACT
  • The greenback slipped in the initial response to the lower than expected NFP headline, with EUR/USD rallying to touch fresh session highs of 1.1322 before the price action wholly reversed and put the pair back at pre-release levels of approx. 1.13.
  • Similarly for Treasuries, an initial 4 tick rally in US 10y futures was quickly erased, putting prices back into drift mode, ebbing to new session lows of 128-11 as attention re-focuses on better-than-expected earnings and unemployment rate data.

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.