Euro Market Open: Pressure continued into APAC trade, DXY to 108.50 and EUR/USD to near parity
12 Jul 2022, 06:50 by Newsquawk Desk
- APAC stocks were mostly negative after the weak performance across global counterparts; US equity futures extended on losses overnight
- DXY remained firm above 108.00 for around its best levels in around two decades; EUR/USD almost hit parity
- 10yr USTs were underpinned, Bunds held on to the prior day’s firm gains, and 10yr JGBs benefitted from haven demand
- Crude futures were pressured by a firmer dollar, the negative risk tone, and China's...