MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

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

Firmer Risk Sentiment Dents Greenback, Boosts AUD, CAD & NZD

FOREX
  • While USDJPY reversed the entirety of its overnight losses to print fresh highs at 135.40, the move appeared to be Yen led, with the USD index retreating 0.2%. The index held a relatively narrow range all week, respecting the 1.04-1.05 parameters.
  • With an uptick in risk sentiment leading to much firmer major equity indices, the likes of Aussie, Kiwi and the Canadian Dollar were outperformers, rising between 0.55-0.75%.
  • Meanwhile, Scandi currencies inched higher, with the NOK among the best performers following yesterday's sizeable Norges Bank rate hike. Despite the NOK strength, EUR/NOK remains in a decent uptrend, with recent highs at 10.54 still well within range. Trend signals also hold bullish, with the 50-dma forming a golden cross formation at the beginning of last week.
  • In emerging markets, there was some late volatility for the Turkish Lira following Turkey’s banking regulator banning commercial lira loans to some corporate borrowers if their FX cash position exceeds a certain level relative to their assets or annual sales. USDTRY fell aggressively from around 17.35 all the way to 16.50 before paring some of the move approaching the close. The pair remains around 3.5% lower on Friday.
  • Monday sees a fairly light data calendar throughout Asia and European timezones. US durable goods and pending home sales data headlines the US docket.
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.