MEXICO: Hurricane Erick Weakens, No Deaths Reported

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.

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.

SFIU5 96.00/96.20cs 1x2, bought for 2.75 in 10k.