Trial now
MNI

Coming up in the Asia-Pac session on Monday:

AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

FOREX
FOREX: Asia-Pac hours saw a slight correction of yesterday's moves driven by the
latest tit-for-tat on U.S.-China front. Speculations re: a potential weaker PBoC
fix, which would serve as a means of retaliation against U.S. measures, were
disproved by reality. China's central bank set its USD/CNY mid-point roughly at
yesterday's level and below exp. Offshore yuan rose against the greenback.
- The Antipodeans benefited from a stronger yuan and topped the G10 pile, while
safe haven FX landed at the bottom, even as JPY showed a modicum of strength
early on. AUD faced some brief selling pressure as local Westpac consumer
confidence gauge slid to a 4-year low, while NZD ticked higher when ANZ raised
its Fonterra milk price forecast. It should be noted, however, that those moves
were very limited. GBP softened a tad, weighed on by the Brexit chaos.
- South Korean markets are shut for a holiday. THB outperformed in Asian FX; the
latest BoT minutes revealing policymakers' concern over the baht's strength.
- Familiar risk themes remain in focus. Data highlights today include U.S.
wholesale inventories and Norwegian GDP. We will hear from Fed Chair Powell,
while U.S. FOMC will publish the minutes from its most recent MonPol meeting.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com