Free Trial

Antipodeans Struggle Amid Broader Caution

FOREX

The yuan has shrugged off the release of China's inflation data, which showed a marginal beat in consumer price growth coupled with a considerable beat in factory-gate inflation.

  • G10 crosses have been happy to hold fairly tight ranges, yet mild defensive flows have been. The Antipodeans remain the worst performers in the space, after a weak showing on Tuesday.
  • Focus turns to U.S. CPI, due alongside weekly jobless claims (note that local markets will be shut on Thursday). Norwegian and German CPI data are also eyed today.
  • Central bank speaker slate features ECB's Elderson, BoE's Tenreyro and Riksbank's Breman.

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.