-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessFOREX: Solid Session for Equities Weighs on EURAUD
- The strong performance for major equity benchmarks on Thursday has further supported a reversal of the sharp risk off moves in currency markets earlier in the week. As such the risk sensitive AUD has outperformed, bolstered by early hawkish rhetoric from RBA Governor Bullock.
- As such, AUDUSD stands 0.90% in the green and moderate pressure on the single currency sees EURAUD slide over 1%. As a reminder, this cross reached the highest level since H1 2020 on Monday and has swiftly reversed 3.6% since this peak. Price action was underpinned by a hawkish tilt to the RBA Governor’s comments earlier in the session, indicating the committee won’t “hesitate” to hike if needed.
- In similar vein, MXNJPY has risen 1.23% on Thursday and continues to be the most sensitive currency pair to adjustments in risk sentiment, owing to the severe carry trade unwind in recent weeks. USDMXN is down 0.90% ahead of this evening’s Banxico decision, which remains a close call.
- Elsewhere, lower-than-expected initial jobless claims in the US provided USDJPY with a firm boost. Markets have grabbed onto the faintest signs of strength (233k vs 240k exp) in the labour market to further undo the sharp moves in the aftermath of last week’s unemployment report.
- USDJPY gapped higher on the release, rising from just above the 146.00 mark to print as high as 147.54. The first topside level is at 147.90 before initial resistance is found at 149.77, the Aug 2 high.
- Risk-on also weighed further on the Swiss Franc with both EURCHF and USDCHF rising around 0.5%.
- China CPI/PPI will be in focus overnight before Canada employment data caps off the event risk this week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.