FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

China Risk and Fed Fears Work in Favour of Haven FX

FOREX
  • Extending the themes seen at the tail-end of last week, risk-off pervades across asset markets early Monday. Lingering concerns over a possible Evergrande default in China and wobbles ahead of Wednesday's FOMC meeting are sending stocks lower and providing a solid bid for haven currencies.
  • While markets were highly aware of the risks surrounding real estate giant Evergrande over the past fortnight or so, these fears compounded early Monday as investors become concerned over the risk of the Chinese authorities clamping down on real estate speculation across Hong Kong. This, twinned with risks of a hawkish surprise from Wednesday's Fed projections leaves the greenback and JPY as comfortably the best performers across G10.
  • Weaker equity and commodity markets are working against the growth and oil proxies, keeping NOK, SEK and AUD on the backfoot.
  • ECB's Schnabel and Villeroy are due to speak as well as the release of the US NAHB Housing Market Index.
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.