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

MNI China Daily Summary: Monday, November 27

MNI BRIEF: BOJ Cannot Sufficiently Foresee 2% Target - Ueda

MNI BRIEF: BoE's Hauser Joins RBA As Deputy Gov

MNI: UK CBI NOV DIST TRADE REPORTED SALES -11

MNI DATA FORECASTS: Eurozone Inflation A Key Focus

UK Timeline of Key Events (All Times in GMT)

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

Eur/Usd: Asia open $1.1646, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1646, range $1.1626-55
* Eur/Usd opened Asia toward the middle of yesterday's $1.1625-61 range, where
consolidation was theme in Europe and US markets.
* Reports 'excellent progress' made on the US tax bill encouraged a rise in US
rate yields, Eur eased from $1.1655 to $1.1626.
* Rate began to recover into Europe with fresh demand via Eur/Jpy, edged rate to
an eventual extended high of $1.1657.
* As Usd/Jpy pushed above Y114.00 it gave the Usd a general boost and pressed
Eur/Usd back to $1.1632.  
* Release of stronger than forecast UK Mfg PMI weighed on Eur/Gbp which added
further weight on Eur/Usd. 
* Into the afternoon and market awaits US ADP and ISM data ahead of FOMC(no
change expected, Dec meet in focus).
* US Trump Fed Chair expected Thursday. US NFP Friday.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange News
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange News

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.