MNI: FED CHAIR JEROME POWELL SCHEDULED TO SPEAK JULY 2

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: CNB Cuts 2W Repo Rate By 50Bps To 4.75%

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

Japan Tokyo Jun Core CPI +2.1% Y/Y

Tokyo Core CPI Ticks Higher, Job-To-Applicant Ratio Eases

MNI JAPAN MAY INDUSTRIAL OUTPUT +2.8% M/M; APRIL -0.9%

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: USD has been underperforming...>

FOREX
FOREX: FOREX SUMMARY: USD has been underperforming against most majors today,
following the Risk on trend throughout the European session. 
-Cash S&P opened inside the 21 feb-24 feb gap (3259.81 to 3328.45), now at
3273.36. 
-USDZAR is through July low 16.5089, and made an attempt at the initial downside
extension noted at 16.4343 (traded 16.4578 low). 
-BRL was the best performing currency against the Dollar, with the Brazilian
Real gaining 2% so far this afternoon. 
-Risk tied AUD traded through key resistance at 0.7063, and above 0.7100, but
failed just short of 0.7119 projection of the Mar19-31 rally from Apr 3 low, to
print a 0.7109 high. 
-The rally in Oil, and WTI trading above $42, kept NOK, CAD and RUB. 
-NOK is the 2nd best performing currency in G10 against the USD, up 1%.
-CEE FX have held onto their bids, following the EU recovery fund agreement,
which sees CEE FX benefiting the most from the emergency fund. 
-CZK is up 1%, PLN 0.67% and HUF 0.63% against the dollar.
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.