MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Forex summary

FOREX

A fairly light turnovers session for FX, given the festive period.

  • USD leads FX, with the Dollar trading in the red against all G10s.
  • US stimulus and Brexit done has kept risk buoyed.
  • The Pound was initially the best performing currency in G10 versus the USD, up 0.5% in early trade, but Cable has since pared some of its gains, now up just 0.23%.
  • No Fundamentals, or new story headlines, and more likely order flow related to explain the pullback in Cable, as move are exacerbated by low turnovers.
  • Cable runs at 22% of the 5 day averages.
  • SEK leads gains, up 0.62% against the Dollar, taking its cue from the risk on tone.
  • Looking ahead, we have no data of note.
  • Some focus on Month/Year end with liquidity likely to dissipate by tomorrow.
  • Desk here expects for some moderate USD selling into year end.
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.