MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1201 Mon; -1.20% Y/Y

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1201 MON VS 7.1196

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 485; GAS RIGS 98

EZ/UK Bond Supply Calendar: EU Auction, BoE APF Monday

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

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

FOREX SUMMARY

FOREX

Main story of the day for FX has been the continued better buying of the Dollar across the board.

  • The Greenback is bid against all majors, but the SEK is now the worst performer down 0.65%, closely followed by the JPY on higher US yields, now down 0.53%, after Treasuries futures move off their lows.
  • Next target in USDJPY is seen further out towards 110.63 0.764 proj of Mar - Apr 2020 rally from Jan 6 low
  • Also note, that 110.67 is the May 2019 high
  • EURUSD broke out lower and tested MNI tech support at 1.1711 (05/11 low), printed 1.1712 low at the time of typing.
  • Cable is looking to test the figure at 1.3700, now at 1.3709.
  • Further downside traction in Cable would open towards next support at 1.3670/63 Low Mar 25 / Low Feb 5.
  • CHF is down 0.40% versus the Dollar, as safe haven FX loses ground with risk tilted to the upside.
  • USDCHF trades at 0.9434, just off the session high at 0.9438 (at the time of typing).
  • Looking ahead, Riksbank Ingves and Fed Williams are the speakers left on the calendar for today
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.