FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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/USD ebbs to fresh multi-year low as.......>

FOREX
FOREX: EUR/USD ebbs to fresh multi-year low as equities turn south
-Despite the firmer close Wednesday, US equity markets started the session
poorly and maintained the losses well past the halfway mark as traders responded
to the full release of the whistle-blower complaint into Trump's dealings with
his Ukrainian counterpart. Losses for equities accelerated as an official
confirmed that the US are unlikely to extend waivers on Huawei suppliers, adding
that the US are still considering action if their allies use Huawei products.
Falling equities dented risk appetite and anchored EUR/USD, which edged to fresh
multi-year lows of $1.0923.
-NZD held its Asia-Pac gains well throughout Thursday trade, contrasting with
GBP, which extended recent weakness to prompt bears to target the 50-dma support
at $1.2270.
-Focus Friday turns to the release of Tokyo CPI, French September inflation
data, US personal income/spending and durable goods orders. Speakers include
BoE's Saunders, Fed's Quarles & Harker and ECB's de Guindos, Knot, Lane & de
Cos.
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.