MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Antipodeans Pressured By Post-FOMC Spillover, Japanese Holiday Limits Activity

FOREX

The Antipodeans trade on a softer footing, possibly on the back of regional spillover from the latest monetary policy decision/communique from U.S. FOMC, while activity is limited by a market holiday in Japan. The greenback outperforms most of its G10 peers as we type, with the DXY sitting just shy of its one-month high printed yesterday.

  • NZD/USD crossed below $0.6994/93, which limited losses over the last two days, and attacked Aug 30 low of $0.6987. NZD/USD 2-week implied volatility eased from multi-month highs after the FOMC announcement but remains relatively elevated, with the RBNZ due to deliver their monetary policy decision in less than two weeks.
  • Central bank action picks up today, with the BoE, SNB and Norges Bank due to deliver monetary policy decisions. PMI data from across the globe, Canadian retail sales and U.S. jobless claims take focus on the data front.
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.