MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

CHINA PBOC CONDUCTS CNY1.17 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1376 FRI VS 7.1323

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI BRIEF: China Steel Market To Remain Subdued In August

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

Australia Jun New Loan Commitments +1.3% For Housing

More Detail On Today's CPI, BoK Likely On Hold Later In August

CPI Steady - Temporary Factors Driving For Now

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

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

AUD & NZD Up Smalls, Market Awaits US Payrolls

FOREX

FX moves have been modest. There has been a slightly positive tone for NZD, AUD and JPY against the USD. These three currencies were the worst performers against the USD through Thursday's session, so some retracement is apparent, although liquidity will be poor Japan is the only major FX center open today.

  • USD/JPY was last under 131.70. Earlier data for Feb cash earnings were in line with expectations (-2.6% y/y for real), while Feb household spending was weaker than forecast (+1.6% y/y, +4.8% forecast).
  • NZD/USD sits +0.25% above NY closing levels last around 0.6255/60, AUD/USD has nudged up to 0.6685, +0.20%.
  • Elsewhere moves have been very modest.
  • In Asia FX, USD/CNH is slightly lower, last under 6.8800, despite a slightly weaker CNY fixing. Onshore equities are higher though, which has likely helped at the margins. The early bias in spot USD/KRW was higher but we haven't breached recent highs above 1320. Again, better onshore equities (+1.30% for the Kospi) is helping as the margins.
  • Looking ahead, the main focus for the market will be the March non-farm payrolls print in the US, see our full preview here.
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.