MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

Defensive Flows Take Hold In Asia, Orr's Warning Undermines Kiwi

FOREX

Coronavirus worry kept riskier FX in check, as Japan and the U.S. reported new daily records of infections Thursday, while a number of central bank heads warned against premature optimism. The yen topped the G10 scoreboard as participants sought a safe haven. Lingering concerns over the deadlocked fiscal talks and political transition in the U.S. helped undermine risk appetite.

  • NZD led commodity FX lower as a new community transmission of Covid-19 was found in Auckland and RBNZ Gov Orr joined other central bankers in reminding that the economic recovery is a "big if". The Governor cited the new infection as a pointing to continued uncertainty and noted that the last MPS was based on a "very bold" assumption that New Zealand's will re-open by 2022.
  • Focus today turns to EZ trade balance & flash GDP, final French CPI, flash U.S. U. of Mich. Survey. Central bank speaker slate includes Fed's Williams & Bullard, ECB's Rehn, de Cos & Weidmann and BoE's Bailey, Cunliffe & Tenreyro.
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.