MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI: GERMANY OCT EXPORT PRICE INDEX 0.3% M/M, 0.6% Y/Y

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: SWISS Q3 GDP +0.4% Q/Q, +2% Y/Y

MNI: SWISS KOF NOV ECONOMIC BAROMETER 101.8

MNI: FRANCE GDP Q3 2ND EST +0.4% Q/Q

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

EUR On More Stable Footing Pre-ECB

FOREX
  • EUR vols remain well elevated ahead of the ECB decision later today, with markets split down the middle on whether the ECB stick to guidance of a 50bps hike, or a slower 25bps step today.
  • An overnight EURUSD straddle breaks even on a swing of ~90pips - making for the largest premium since the mid-December Fed and ECB meetings. Yesterday's currency volumes were pretty fearsome: M3 EUR futures saw over 350k contracts trade for the first time this year making for cumulative daily activity of over 50% above average.
  • The greenback is softer against most others, with the shoring of concerns surrounding Credit Suisse helping prop up sentiment across the board. This week's volatility continues to make its presence felt, however, evident in very shallow bounce for EUR/USD and GBP/USD off the Wednesday lows.
  • NZD is the poorest performer in G10, with pressure following Q4 GDP printed, which came in below expectations at -0.6% Q/Q and much weaker than the RBNZ forecast of +0.7%.
  • Outside of the ECB decision, weekly US jobless clams, import/export price indices and the housing starts/building permits releases for February.
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.