MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A BBG report stating that the "U.S. is...>

DOLLAR-YEN
DOLLAR-YEN: A BBG report stating that the "U.S. is holding off on a decision
about licenses for U.S. companies to restart business with Huawei" hit the wires
early doors, sapping risk appetite. USD/JPY slid to Y105.73 in the initial
reaction, before slightly correcting the move. The pair last sits at Y105.82, 25
pips lower on the day.
- On Thursday, USD/JPY ebbed lower from the off before trimming losses on a
stronger than exp. PBoC fix. However, after failing to breach the Y106.30
barrier, it eased off, with some pressure on USD noted in U.S. hours as U.S.
Pres Trump expressed dissatisfaction with dollar strength. As a result, the rate
finished 20 pips shy of opening levels.
- The cycle low of Y105.50 touched on Aug 7 draws the initial bearish attention.
A break under the figure would clear the way to Y105.00, which has remained
intact since the Jan 3 flash crash. Bulls look to recoup Y106.00, which hosts
the lower 1.0% 10-DMA envelope. Above would give them a green light for
targeting the 100-HMA at Y106.17.
- Flash GDP numbers for Q2 will be released out of Japan later today.
MarketsForeign Exchange Bullets
MarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.