MNI BRIEF: China To Enhance Policy Support In 2025: NDRC

MNI BRIEF: NDRC Considering Trade-in Scheme Next Steps

MNI: PBOC Net Injects CNY162.8 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1911 Tues; +0.10% Y/Y

CHINA PBOC CONDUCTS CNY288.3 BLN VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1911 TUES VS 7.1907

MNI: US TSY TICS NET FLOWS IN SEP +$398.4B

MNI: US NAHB HOUSING MARKET INDEX 46 IN NOV

EZ/UK Bond Supply Calendar: EU Synd, UK, FI Due Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

FOREX: US$ Continues Trending Lower, Yen, A$ & IDR Benefit

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

After strengthening following the US election result, the US dollar has begun to normalise this week as US yields found a ceiling. The USD BBDXY index fell 0.4% on Monday and is down slightly during a data-light APAC session today. The yen and Aussie have been the main G10 beneficiaries and IDR/MYR in EM Asia. 

  • USDJPY is down 0.2% to 154.40 off the intraday low of 154.05. The yen strengthened after Finance Minister Kato reiterated the ministry’s commitment to FX stability and to move against excess currency volatility.
  • Aussie outperformed on Monday and AUDUSD is up another 0.1% today to 0.6517 off the intraday high of 0.6524. It has spent most of the session above 65c. AUDNZD is up 0.2% to 1.1058 as the November meeting minutes showed the RBA firmly on hold, while the RBNZ is widely expected to cut rates again next week.
  • NZDUSD is flat at 0.5893 after a high of around 0.5900.
  • European currencies are little changed with EURUSD down slightly to 1.0592 and GBPUSD steady at 1.2678.
  • USDIDR is down 0.3% to 15,811 ahead of Wednesday’s BI decision. It is expected to keep rates on hold but a minority are forecasting a 25bp rate cut.
  • USDKRW is down 0.4% to 1391.15. USDCNH is slightly higher at around 7.2317.
  • Later the Fed’s Schmid speaks on the economic outlook. Also the ECB’s Elderson and BoE’s Bailey talk. US October housing starts/permits and Canadian October CPI print. 
233 words

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.

After strengthening following the US election result, the US dollar has begun to normalise this week as US yields found a ceiling. The USD BBDXY index fell 0.4% on Monday and is down slightly during a data-light APAC session today. The yen and Aussie have been the main G10 beneficiaries and IDR/MYR in EM Asia. 

  • USDJPY is down 0.2% to 154.40 off the intraday low of 154.05. The yen strengthened after Finance Minister Kato reiterated the ministry’s commitment to FX stability and to move against excess currency volatility.
  • Aussie outperformed on Monday and AUDUSD is up another 0.1% today to 0.6517 off the intraday high of 0.6524. It has spent most of the session above 65c. AUDNZD is up 0.2% to 1.1058 as the November meeting minutes showed the RBA firmly on hold, while the RBNZ is widely expected to cut rates again next week.
  • NZDUSD is flat at 0.5893 after a high of around 0.5900.
  • European currencies are little changed with EURUSD down slightly to 1.0592 and GBPUSD steady at 1.2678.
  • USDIDR is down 0.3% to 15,811 ahead of Wednesday’s BI decision. It is expected to keep rates on hold but a minority are forecasting a 25bp rate cut.
  • USDKRW is down 0.4% to 1391.15. USDCNH is slightly higher at around 7.2317.
  • Later the Fed’s Schmid speaks on the economic outlook. Also the ECB’s Elderson and BoE’s Bailey talk. US October housing starts/permits and Canadian October CPI print.