Free Trial

USD under pressure this morning

  • GBPUSD about 30 pips higher on the day, with moves starting around 7:00GMT.
  • EURUSD also about 30 pips higher.
  • Moves started shortly after the European fixed income cash open, with the Euribor/SONIA strips moving lower more than the Eurodollar strip. EUR helped also by the French HICP data but has accelerated after the print.
  • Dollar bloc currencies all strengthening on the day now, despite oil moving lower and the RBA now delivering as hawkish a message as some had expected.

To read the full story



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.