MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Antipodean Divergence In Early Trade

FOREX

The greenback holding most of its post-FOMC gains, local dynamics driving divergence in Antipodean pairs. AUD/USD down 10 pips, giving away further ground after a speech from RBA Governor Lowe where he maintained a dovish outlook and said the Bank would not hike rates until inflation is sustainably above 2%. Markets await labour market data later in the session.

  • NZD/USD has seen a firmer recovery, the pair up 22 pips. Data earlier showed GDP rose 2.4% Y/Y, well above estimates of 0.9%. Following the release ANZ said it now expects the RBNZ to raise the cash rate in February.
  • USD/JPY is up 9 pips, local wires have suggested that Japan plans to begin issuing COVID vaccine passports from July, while there have also been suggestions that Japan is set to extend its employment subsidy scheme through August.
  • Offshore yuan is slightly stronger but still holding most of the decline seen post FOMC. Data yesterday showed activity continued to ease in May.
Energy BulletsCommodities
Energy BulletsCommodities

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.