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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

MNI China Daily Summary: Friday, April 19

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dollar Bounce Putting Major Pairs Under Pressure

FOREX
  • The greenback is staging a decent bounce after suffering through the bulk of the Monday session. The USD is trading at the day's best levels at the NY crossover, with the USD Index looking to progress through the Monday high.
  • The USD's strength has pressured EUR/USD through the Monday lows to hit the lowest level since April 22nd and (briefly) below 1.20.
  • Antipodeans trade poorly, with AUD, NZD the softest currencies so far Tuesday. The RBA rate decision saw policy unchanged, with the bank dropping the latest signal that their bond purchase program will be reviewed in July, likely shifting the 3-yr bond yield target to the November 2024 bond line. NZD/USD edged through the 50-dma at 0.7146 just ahead of NY hours.
  • Focus turns to US and Canadian trade balance data as well as March factory orders and final durable goods orders. Fed speak remains a focus, with Fed's Daly and Kaplan both on the docket.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.