MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CAD Reverses Course, USD Shrugs Off Yield Dive

FOREX
  • A more volatile US fixed income market Thursday failed to make any impact on currencies, as the dive in US 10y yields left the USD relatively nonplussed. The USD Index held the morning's losses into the NY close, with prices holding above the key 50-dma support at 91.581.
  • Having traded firmly throughout the first half of the Thursday session, CAD reversed course in NY hours, slipping to the bottom of the G10 pile as markets found support ahead of any test on the key bear trigger at 1.2365. USD/CAD bulls now eye any recovery above the 1.2598 50-dma to secure a more stable outlook, but the picture remains weak for now.
  • CAD was the weakest alongside the EUR, while AUD and NZD outperformed throughout Thursday trade.
  • Focus Friday turns to Chinese GDP data for Q1, with March retail sales and industrial production also due. US housing starts/building permits and the prelim Uni. of Michigan confidence numbers make up the US calendar. Ahead of the FOMC media blackout this weekend, Fed's Kaplan is due to speak.
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.