Free Trial
CHINA

Thoughts On The LPR Fixings

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX
FOREX: Despite starting Monday's session poorly CAD rallied hard on the release
of the Bank of Canada's strong business outlook survey, which highlighted many
firms mentioning capacity constraints and a near record level of labour
shortages (it is worth noting that survey was conducted ahead of the USMCA
ratification). This pushed USD/CAD back below its 50-DMA & C$1.3000, turning
attention to the key 200-DMA (C$1.2890).
- NZD/USD extended the recovery from the YtD lows printed on Oct 08 to eye the
21-DMA ($0.6568). A break above would open a move on the 50-DMA ($0.6598) and a
further recovery of the sharp losses posted over the past 2 weeks. NZD strength
also helped buoy AUD into the close.
- The USD index posted lower lows for the 5th straight session despite
stabilising U.S. yields, with attention turning to the FOMC minutes due Weds.
Slightly softer U.S. equities further weighed, continuing the 'Sell U.S.' theme.
- RBA minutes, NZ CPI data (as well as the RBNZ sectoral inflation model),
Chinese inflation data, UK jobs numbers, German ZEW survey & US industrial
production are all on tap Tuesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.