MEXICO: Hurricane Erick Weakens, No Deaths Reported
Jun-20 10:40
- On today’s schedule, Pemex CEO Victor Padilla participates in the Mexican Oil Congress on its first day. Labor Minister Marath Bolaños will discuss changes for workers of digital apps such as Didi, Uber and Rappi at the president’s morning press briefing.
- Hurricane Erick weakened to a tropical storm after making landfall on Mexico's southern Pacific coast on Thursday, leaving flooded streets, damaged boats and buildings in Oaxaca as authorities warned of dangerous rains. No deaths have been reported.
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FOREX: USD Slips as Markets Recorrelate with Long-End Weakness
May-21 10:39
A phase of dollar sales is helping pressure USD/JPY toward the overnight lows, with the dollar again pressured by weakness in the US long-end. The US curve is again steepening, with 30y yields higher by near 6bps on the day and equities weakening as the 'Sell the US' theme resumes.
- As has been the case in recent weeks, EUR is main beneficiary here - keeping $1.14 as the S/T upside target. EUR/GBP has printed a new high at 0.8459, shrugging off the entirety of the UK CPI tripped weakness to keep focus on 0.8470 the 50-dma.
- After a sluggish start hindered by Bloomberg Terminal connectivity problems, volumes in currency futures are picking up here, with near 7,000 contracts traded in JPY futures on the move. That's near $600mln cash equivalent on the latest USD/JPY sales.
PORTUGAL T-BILL AUCTION PREVIEW: Bidding Deadline Postponed Further
May-21 10:38
IGCP has announced to delay the bidding deadline of today's BT auction further due to ongoing technical issues with Bloomberg, to 14:30 BST or until the issue is sorted.
SONIA: Large Ratio Call Spread
May-21 10:37
SFIU5 96.00/96.20cs 1x2, bought for 2.75 in 10k.
