Free Trial

USD Uptrend Intact, USD/BRL Narrows Gap With Key Resistance

LATAM
  • Global equity markets sit slightly firmer, with US yields waning and the curve flattening. Nonetheless, market focus remains on the uptrend in the USD Index, which hit a new cycle high overnight to touch 106.484.
  • Data and headline flow has been relatively light, however markets have paid attention to the situation on Capitol Hill, as Punchbowl News writes, “right now, it seems exceedingly likely that the federal government is going to shut down this weekend. Full stop.”
  • Rate decisions take focus later in the week, with the Banxico and Colombian central banks both expected to keep rates unchanged (our previews here: Banxico - https://roar-assets-auto.rbl.ms/files/55943/MNI%20... and Colombia - https://roar-assets-auto.rbl.ms/files/55953/MNI%20... )
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.