Forex Analysis
Scandi central banks in focus this week
With the US government open for business once again, financial markets will receive crucial US data this week starting with non-farm payrolls later today.
Central European Daily
US payrolls in focus Polish bond auction likely to be successful The Polish zloty and the Czech koruna eased yesterday,
Muted Response Likely to Wednesday’s Dollar Bloc Events
The main events this week in the peripheral dollar bloc both happen on Wednesday. First is the Australian Q3 CPI data.
Morning FX Market Commentary
Will the payrolls improve sentiment on the dollar? Trading in most major currency cross rates was driven by technical considerations yesterday.
The Global Macro Pulse
Overnight Price Action S&P futures fell 0.9%. The US 10yr yield is flat to the New York close at 2.6014%.
EUR/USD Analysis
The pair traded between $1.3651 and $1.3690 in the US session overnight and started in Asia at $1.3681 this morning.
GBP/USD Analysis
The pair closed in NY Monday at $1.6144 after rate had seen pullback lows of $1.6133 earlier in the session, as it extended its correction away from Friday highs of $1.6224,
AUD/USD Analysis
Aussie ended in the US last night at $0.9653 and eased in early trade today to $0.9650 in line with a slightly firmer US dollar tone.
USD under pressure in the short-term
The dollar benefited only briefly last week when the US called off its partial government shutdown and raised the debt ceiling.
Norges Bank: Lower inflation against weaker NOK
• Norges Bank will not change rates • NOK has weakened significantly, but on the other hand inflation and some other domestic figures have been on the weak side