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| | | Global Markets Daily
by Saktiandi Supaat |
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| | | USD lacked conviction to push higher overnight. Sustained rebound would require US data - PPI (today), CPI (Thu), retail sales (Fri) to surprise to the upside. USDJPY firmed above 110 handle following the rise in UST yields overnight. On other FX, GBP was the big gainer climbing above 1.33 levels following the jump in UK CPI to more than 5-year high. This shifted market expectation for BoE to raise policy rate and may keep GBP supported in the near term. OIS-implied shows markets now pricing... | |
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