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

(RPT)MNI INTERVIEW:Spending Remains Too Hot For BOC-Ex Adviser

MNI BRIEF: Reduce Energy Use Over Consumption - Ex Minister

PBOC Drains Net CNY35 Bln Weds; Rates Unchanged

EZ/UK Bond Supply Calendar: Italy Exch / Germany Bund Auct Wed

EZ/UK Bond Supply Calendar: Germany, Finland Auction Tuesday

EZ/UK T-Bill Calendar: 3/6-Month EU-Bills Auction on Wednesday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Dollar Marginally Extends Post-CPI Losses

FOREX
BulletMarketsForeign Exchange NewsHomepage

The Greenback has been pressured through the Asian session, BBDXY has breached its post-CPI lows and is down ~0.1%. However ranges across G-10 do remain narrow. US Tsys Yields are a touch softer and e-minis are up ~0.2%. The PBOC injected the largest amount of cash since 2016 to the banking system which also aided sentiment.

  • Kiwi is the strongest performer in the G-10 space, NZD/USD is up ~0.3% and sits at its highest level since 11 Oct. Bulls now look to target the 200-Day EMA ($0.6565).
  • AUD/USD pared early losses and sits a touch above the $0.65 handle. Q3 WPI came in as expected and there was little reaction in FX markets. Technically the bull cycle is still in play, resistance comes in at $0.6522 high from Aug 30 and $0.6582 50.0% retracement of Jul 13 - Oct 26 bear leg. Support is at $0.6339 low from Nov 10.
  • Yen is marginally pressured after Japan's flash Q3 GDP print was softer than forecast. USD/JPY has trimmed some of yesterday's losses and is up ~0.1% at ¥152.55/60.
  • Elsewhere in G-10 the broader USD move has been reflected, most majors are marginally firmer.
  • The UK CPI print provides the highlight in Europe today.
198 words

To read the full story

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.

The Greenback has been pressured through the Asian session, BBDXY has breached its post-CPI lows and is down ~0.1%. However ranges across G-10 do remain narrow. US Tsys Yields are a touch softer and e-minis are up ~0.2%. The PBOC injected the largest amount of cash since 2016 to the banking system which also aided sentiment.

  • Kiwi is the strongest performer in the G-10 space, NZD/USD is up ~0.3% and sits at its highest level since 11 Oct. Bulls now look to target the 200-Day EMA ($0.6565).
  • AUD/USD pared early losses and sits a touch above the $0.65 handle. Q3 WPI came in as expected and there was little reaction in FX markets. Technically the bull cycle is still in play, resistance comes in at $0.6522 high from Aug 30 and $0.6582 50.0% retracement of Jul 13 - Oct 26 bear leg. Support is at $0.6339 low from Nov 10.
  • Yen is marginally pressured after Japan's flash Q3 GDP print was softer than forecast. USD/JPY has trimmed some of yesterday's losses and is up ~0.1% at ¥152.55/60.
  • Elsewhere in G-10 the broader USD move has been reflected, most majors are marginally firmer.
  • The UK CPI print provides the highlight in Europe today.