MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: China CFETS Yuan Index Up 0.40% In Week of Jun 14

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1149 MON VS 7.1151

Japan Apr Machine Orders -2.9% M/M

CHINA MAY INDUSTRIAL OUTPUT +5.6% Y/Y VS MEDIAN +5.9% Y/Y: NBS

MNI JAPAN APRIL CORE MACHINE ORDERS -2.9% M/M; MAR +2.9%

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

FX markets on pause ahead of Fed Powell's.....>

FOREX
FOREX: FX markets on pause ahead of Fed Powell's testimony.
- Usd/Jpy gains above Y107.00 were largely eroded overnight as the pair held a
narrow Y106.79-107.10 range. Supply ahead of the Tokyo fix took the rate back
under Y107.00, touched Y106.79 before dip buyers cushioned falls. The quiet
theme spilled over into Europe, traders reported of light volumes with the pair
held to an even tighter range.
- Despite the release of soft Saxony CPI (1.3% y/y, MNI Pan-German exp 1.5%),
strong Spanish CPI saw Eur/Usd squeeze to $1.2346, before fading.
- Gbp/Usd initially tracked the buoyant Eur/Usd tone to $1.3997, but was quick
to retrace gains and holds around the $1.3955/60 area.
- Standout was Eur/Sek which printed Sek10.0903 and fresh 8-year highs.
- Main focus turns to German state February inflation (MNI median 1.5%) at
1300GMT, Fed Powell's testimony to congress follows with the statement to be
released at 1330GMT, before he appears in front of the House Financial Services
Committee at 1500GMT.
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.