CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Consolidation ahead of US jobs report - FX....>

FOREX
FOREX: Consolidation ahead of US jobs report
- FX major currency pairs witnessed light volumes through Europe as focus turns
to the US jobs report for direction.
- AUD continued to underperform and sits bottom of the G10 pile with losses of
0.60%. Renewed trade rhetoric and softer equities pressured the AUD complex.
AUDUSD extended its decline to multi-year lows of $0.7138. AUDNZD eased to
NZ$1.0872, before meeting support from the 100-dma, EURAUD printed multi-year
highs of A$1.6290, while AUDJPY briefly dipped under Y79.00.
- Early USD longs unwound which saw both EUR & GBP move from session lows to
session highs in a matter of minutes, before stabilising in narrow range trade. 
- SEK is top of the pile (+0.25%) and continues to pare yesterday's dovish
Riksbank losses to Sek10.5710.
- Main focus turns to US NFP (1230GMT). Payrolls are forecast to rise by 195k in
August after a weaker-than-expected 157k rise in July. The unemployment rate is
expected to fall further to 3.8% after dipping to 3.9% in July. AHE are forecast
to rise 0.2% after a 0.3% gain.
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.