Archived IMT (2009.10.09)
Aside from a stronger CAD, RISING USD BOND YIELDS (30yr yield at 2 week high 4.20%) are the main mover of the day following yesterday's weak 30-yr auction and Bernanke's remarks about tighter monetary policy. Market News Intl reports China and ME accounts selling metals overnight. We might also be seeing a scaling down of USD shorts ahead of the IMF/WB meetings, which could involve much USD-supporting remarks from global policymakers. EURCAD down 80 pips to 1.5320 from earlier IMT, GBPUSD hits $1.5880, eyeing 1.5820, while AUDCAD eyes 0.9380, followed by 0.9330. WATCH ASHRAF on CNBC's Street SIgns at 2:45 pm EDT (6:45 pm GMT).
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
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Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04
Trading in & out of the Fed
by Adam Button | Sep 16, 2020 16:52
by Adam Button | Sep 15, 2020 15:58