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

FOREX SUMMARY

FOREX

FX has remained within ranges.

On the whole, USD has traded in the red against most majors, besides the EUR, SEK and BRL.

  • USD unwound some of the small bids, as Gold rallied.
  • Turnovers have been on low-ish side, as market participants focus on Brexit outcome.
  • Covid and Brexit has favoured safer assets like Gold and Govies going into the weekend.
  • EUR leads losses against the NZD in G10, as the Kiwi fares pretty well,
  • EURNZD is off the lows at 1.1095, and next area to watch is noted at 1.7047, Nov low, and also lowest level since 24th Feb.
  • Canadian Retail sale beat expectation, but limited impact on the CAD
  • USDCAD is steady at 1.3053, and next support is seen at 1.3034 Low Nov 18In EM FX, ZAR has stayed within ranges pre rating decision later.
  • Looking ahead: Sovereign rating after hours
  • Fitch on Portugal (current rating: BBB, Outlook Stable)
  • Moody's South Africa (current rating: Ba1; Outlook Negative)
  • S&P on South Africa (current rating: BB-; Outlook Stable)
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.