MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

Thedeen Does Not Commit To Cut In August, Depends on Data

EZ/UK Bond Supply Calendar: BoE APF on Monday

External Demand An Upside Risk to Riksbank Rate Path

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

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

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

Better buying since the European Govie open

USD

Despite USD trading in the red against most G10, helped by the recovery in Equities.

Risk on tone is helped by the Fed clearing some Banks that passed the stress test to resume dividend increase and stock buy backs at the end of June.

  • Seeing small better buying in the European open.
  • Safe haven CHF, JPY currencies are in the red versus the Greenback on the risk on tone.
  • USDCHF eye initial resistance at 0.9413 (20/07/2020 high).
  • Short term momentum could be somewhat limited heading into Month End, but a clear break through the latter would open to 0.9465-0.9468 (61.8% retrace of the March 2020 fall and 16/07 high respectively)
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.