CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Dollar Steady, Japan Wages Data Doesn't Shift JPY, RBA Later The Main Focus

FOREX

Early G10 FX trends are fairly muted. The BBDXY sits near 1245 in recent dealings, trading a tight range in the first part of Tuesday Asia Pac trade.

  • The early impetus for US Tsy yields is for slightly weaker levels, unwinding some of the impressive gains seen in the past two sessions, but overall moves are modest so far. US equity futures are close to flat.
  • USD/JPY is slightly lower, last near 148.60. Earlier Dec wages data was weaker than expected but still some improvement in the trend for late 2023.
  • AUD/USD sits near 0.6480, little changed for the session. Coming up soon we have Q4 retail sales volumes. A 0.1% q/q print is expected, versus 0.2% prior. Still, the main focus will be on the RBA decision later. Whilst no change is expected, the tone of the RBA will be watched closely, given market pricing for cuts later in 2024.
  • NZD/USD is also relatively steady, last near 0.6050.
  • EUR/USD is unchanged, last in the 1.0740/45 range.
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.