MNI BRIEF: Italy To Grow 0.8% In '25, 0.9% '26 -Budget Office

MNI China Daily Summary: Wednesday, February 5

MNI: UK FINAL JAN SRVCS PMI 50.8 (FLASH: 51.2); DEC 51.1

MNI BRIEF: China Spring Festival Trips Up 5.9% Y/Y

MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: EUROZONE DEC PPI +0.4% M/M, +0% Y/Y

MNI: EUROZONE JAN FINAL SRVCS PMI 51.3 (FLASH: 51.4); DEC 51.6

MNI: GERMANY FINAL JAN SRVCS PMI 52.5 (FLASH: 52.5); DEC 51.2

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX: FX Trends Little Changed, Markets Awaiting Tariff News

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

Aggregate G10 FX moves have been negligible in the first part of Thursday trade. The USD BBDXY index sits unchanged in latest dealings, holding just under 1304. 

  • There was focus on a Fox News interview with President Trump, but this was largely focused on domestic issues. Trump defended TikTok during the interview, but broader sentiment didn't shift. part 2 of the interviews late US time on Thursday (so Friday time for Asia Pac markets), where foreign policy and China relations are expected to be in greater focus. For FX markets the tariff issue remains a central watch point.
  • US equity futures sit modestly lower, but this follows recent strong cash gains. Most regional Asia Pac markets are higher (except for South Korea). China markets have recovered as further supports were unveiled by policy makers, but we sit off best levels. US yields are down a touch, but losses are not much beyond 1bps at this stage.
  • USD/JPY is holding close to 156.55/60 in latest dealings, little changed for the session. Earlier lows were at 156.29. Export growth was slightly better than forecast but still sub other NEA economies. The trade position also improved.
  • AUD and NZD are little changed. AUD/USD last 0.6275, NZD/USD around 0.5665/70.
  • Looking ahead, we get French manufacturing sentiment, along with EU consumer confidence. Canada retail sales and US initial jobless claims are also out.  
228 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.

Aggregate G10 FX moves have been negligible in the first part of Thursday trade. The USD BBDXY index sits unchanged in latest dealings, holding just under 1304. 

  • There was focus on a Fox News interview with President Trump, but this was largely focused on domestic issues. Trump defended TikTok during the interview, but broader sentiment didn't shift. part 2 of the interviews late US time on Thursday (so Friday time for Asia Pac markets), where foreign policy and China relations are expected to be in greater focus. For FX markets the tariff issue remains a central watch point.
  • US equity futures sit modestly lower, but this follows recent strong cash gains. Most regional Asia Pac markets are higher (except for South Korea). China markets have recovered as further supports were unveiled by policy makers, but we sit off best levels. US yields are down a touch, but losses are not much beyond 1bps at this stage.
  • USD/JPY is holding close to 156.55/60 in latest dealings, little changed for the session. Earlier lows were at 156.29. Export growth was slightly better than forecast but still sub other NEA economies. The trade position also improved.
  • AUD and NZD are little changed. AUD/USD last 0.6275, NZD/USD around 0.5665/70.
  • Looking ahead, we get French manufacturing sentiment, along with EU consumer confidence. Canada retail sales and US initial jobless claims are also out.