Free Trial

Apple's warning that the company will.........>

FOREX
FOREX: Apple's warning that the company will probably fail to meet its revenue
guidance for the March quarter amid the Covid-19 epidemic has set the tone for
early Asia-Pac trade, dampening appetite for riskier assets. JPY outperforms in
the G10 basket, capitalising on its safe haven status. High-beta FX are on the
defensive, with NOK leading losses. AUD/USD shed an additional handful of pips
in reaction to minutes from the RBA's Feb meeting. Little of note there, perhaps
attaching the label "material" to risk from Covid-19 drew attention.
- USD/CNH has crept higher; PBoC fix fell in line with expectations. In general,
Asian EMFX trade mixed vs. the greenback.
- The focus turns to German ZEW survey, UK labour market report, Canadian m'fing
sales, U.S. Empire M'fing, and Swedish unemployment. Speeches are scheduled from
ECB's Panetta and Riksbank's Ingves.

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.