MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

EUR is on the front foot

FOREX
  • All the action is in Govies, with Futures in Germany and Europe plummeting, pushing Yields at multi year highs.
  • Early mover in FX, was the CHF, after the Swiss CPI beat.
  • CHF went bid across G10, but the currency has since pared some gains, led by the EUR.
  • EUR is mostly on the front foot against G10s, after Bund collapsed, and German Yields spiked to multi year highs.
  • The EUR leads versus the CAD and USD, up ~0.39%.
  • EURUSD resistance is seen at 1.0697 (printed 1.0695 high).
  • EURCAD has pared half of yesterday's losses, and small initial resistance moves down to 1.35471.
  • While EURCHF is back at pre Swiss CPI level.
  • Risk On tone has kept the USD in the red, after a mixed start on the European Govie open.
  • Best performers versus the USD are the SEK, GBP and the EUR.
  • Looking ahead, data include US ADP and Factory orders. US Durable goods will be final reading.
  • Speakers, sees Riksbank's Jansson speaking on rising interest rates, Riksbank's Ohlsson on Economy, Monetary Policy.
  • BoC Paul Beaudry gives press conference. ECB de Cos speaks in Paris, while Fed speakers include Logan and Mester.
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.