DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 09/14/21

The markets are in a wait-and-see mode, it appears, ahead of the US CPI figures, as it absorbs bond supply from Europe and monitors the potential restructuring of China's Evergrande. The dollar is in an exceptionally narrow range against the yen so far today: JPY109.95-JPY110.10. ...

Europe's Dow Jones Stoxx 600 is snapping a three-day slide, while the US S&P 500 and Dow are poised to end their five-day drop and the Nasdaq, a three-day fall. In the foreign exchange markets, the Norwegian krone and Canadian dollar bid, while the sterling, the euro, and Swiss fr...

The US dollar is paring this week's gains, retreating against most of the major and emerging market currencies today amid a risk-on mood. Japan and Hong Kong equity markets gained more than 1% to lead the MSCI Asia Pacific Index higher. Europe's Dow Jones Stoxx 600 is edging highe...

China's August CPI was softer than expected, while the PPI was higher than anticipated. The euro peaked after the US jobs data at the end of last week, poking above $1.19 for the first time since late July. The US dollar spiked from CAD1.2520 on Monday to CAD1.2760 yesterday. ...

The US dollar continues to pare its recent losses and is firm against most major currencies in what has the feel of a risk-off day. The dollar rose to JPY110.45 in early Asia, its highest level since August 13 and has reversed lower and look poised to test the JPY110 level where an op...

The rise in 10-year benchmark yields stands out. Equity markets are mixed. Emerging market currencies are mostly lower. Gold is lower for the second session after rallying 1% before the weekend. For further details see: Wait Until Tomorrow

USD finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies. The Australian and New Zealand dollars were the weakest, off about 0.3%. The JP Morgan Emerging Market Currency Index snapped a six-day rally, its longest in...

China, Australia, and Japan reported disappointing August service and composite PMIs. The euro made a marginal new high for the move near $1.1885 in Asia and was sold to session lows near $1.1870 in the European morning. Economists in the Bloomberg survey looked for 700k private-s...

The markets are mostly in a holding pattern so far today, ahead of tomorrow's US jobs data and the PMI services and final composite readings. Australia's 2-year continues to flirt with zero, but the Australian dollar, helped by a record trade surplus, is leading the major currencies h...

We doubt the drivers behind the narrowing of USD-EUR rates differential will persist: supply will swing the other way ahead, and overly hawkish ECB comments sow the seeds of a mini-tantrum. We're at a crossroads on many fronts. Direction usually comes from the US, but not always. ...