MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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USD: An early broader bid is going through

USD
USBulletMarketsForeign Exchange BulletsNorth America
  • A steady overnight session for the Dollar, the Aussie is the early worst performer but trades around Yesterday's mid range, after paring gains as Equities ticked lower.
  • Small initial resistance in the AUDUSD was seen at 0.6331, was Tuesday's high, this has so far held after achieving a 0.6334 high Overnight.
  • Support is seen at 06277, followed by 0.6259.
  • The Yen is the early best performer, another fairly wide 80 pips traded session, but similar to other G10 pairs/crosses, USDJPY trades within this Week's wide range of 146.54/149.15 (low/high), at 147.92 going into the European session.
  • There's a  bit of broader Dollar bid here, testing session high against the AUD, CNH, KRW, EUR, GBP, SEK, CZK, and SGD at the time of typing
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  • A steady overnight session for the Dollar, the Aussie is the early worst performer but trades around Yesterday's mid range, after paring gains as Equities ticked lower.
  • Small initial resistance in the AUDUSD was seen at 0.6331, was Tuesday's high, this has so far held after achieving a 0.6334 high Overnight.
  • Support is seen at 06277, followed by 0.6259.
  • The Yen is the early best performer, another fairly wide 80 pips traded session, but similar to other G10 pairs/crosses, USDJPY trades within this Week's wide range of 146.54/149.15 (low/high), at 147.92 going into the European session.
  • There's a  bit of broader Dollar bid here, testing session high against the AUD, CNH, KRW, EUR, GBP, SEK, CZK, and SGD at the time of typing