USD: Some early unwind in the Dollar
Feb-07 07:50
- There's a bit of an unwind in the Dollar here, again looking at US Yields these are tilted to the Upside, so not a potential driver, US TYH5 is sold in 3.3k at the lows, FVH5 3k and TUH5 in 2.6k.
- In FX, Cable spikes to session high, and the Dollar tests session lows against the MXN, ZAR, IDR, TWD, and is finding some offers versus the EUR CAD, and NZD.
- The early picture in G10 is a little more mixed now, NZD, AUD and GBP are back in the green, the Yen still lags, down 0.20%.
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MNI: FRANCE DEC CONSUMER SENTIMENT 89
Jan-08 07:45
- MNI: FRANCE DEC CONSUMER SENTIMENT 89
UK DMO UPDATE: Syndication Announcement
Jan-08 07:44
The DMO "announces that the sixth transaction of the 2024-25 syndication programme will be a re-opening of 4 3/8% Treasury Gilt 2040" (ISIN: GB00BQC82D08).
- Transaction planned to take place w/c January 20 "subject to demand and market conditions".
CROSS ASSET: A mixed start for the Dollar, Bund drifts lower
Jan-08 07:44
- G10 FX has mostly seen some fairly tight limited ranges Overnight and going into the European session, the NOK and the CAD are leading but by just 0.12% respectively.
- The miss in the Swedish CPI on the European Cash Govie open, means that the USDSEK has pared its overnight losses, to push the SEK in negative territory, albeit down a tiny 0.07% at the time of typing.
- EURUSD is in a contained 19 pips range, Cable 21 pips, and even the normally volatile USDJPY trades in a 36 pips range.
- US Yields will again be watched following the strong US Data Yesterday, the German Bund is moving back below the 132.00, German 10yr supply will be the early focus.
