MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

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

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

Currencies on a More Stable Footing Pre-Payrolls

FOREX
  • Currency markets trade on a more solid footing relative to the uncertainty seen earlier in the week, pressing the USD lower headed into the NFP release, while haven currrencies retreat. The CHF is the poorest performer across G10, closely followed by JPY. NOK makes up the other end of the table, allowing USD/NOK to extend to three consecutive sessions of losses.
  • The USD Index is softer, but off the worst levels of the week. This week's price action has been USD negative more broadly, but markets have steered clear of a major test of horizontal resistance at 101.01 as well as the YTD lows at 100.79-80.
  • Across equity markets, sentiment has stabilised somewhat, with headline indices buoyed by a solid set of earnings from Apple after-market Thursday. Their shares trade higher by just over 2% ahead of the open.
  • Focus rests on the upcoming NFP release, at which markets expected job gains to slow to around 180k - the slowest pace of job gains since 2020. The Canadian equivalent release also crosses, with markets seeing an uptick in the jobless rate to 5.1% from 5.0% previously.
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.