G20 to spark major FX moves? – UOB

By FXStreet Noting key releases this week, Analysts at UOB Group explained, US equities closed mixed on Friday, recovering most of their opening losses, whilst US Treasuries saw selling across the curve following stronger than expected CPI data.

Key Quotes:

“The 2-year yield moved back towards the 0.75%-mark, though a milder increase was seen in the 10-year yield as it moved back just above 1.75%. Markets now look ahead to a greater flow of data in the week ahead, highlighted by durable goods orders data on Thursday and GDP on Friday.”

“Additionally, 2-year note, 5-year note and 7-year note auctions are due on Tuesday, Wednesday and Thursday, respectively.

All eyes are also on the upcoming G20 finance ministers and central bankers meeting in Shanghai later this week (26-27 Feb) to see how world’s top leaders and central bank governors are responding to global financial market turmoil. Any references to joint efforts to stabilize FX rates could spark major market moves.”
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Source:: FX Street