Free Trial

G10 crosses have held tight ranges in early...>

FOREX
FOREX: G10 crosses have held tight ranges in early Asia-Pac trade, with little
to alter the broader picture in any meaningful way. JPY & USD marginally
underperform their G10 peers, even as U.S. equity index futures have crept
lower. AUD showed a muted reaction to a decent Westpac Consumer Confidence
print, while NZD is steady in the lead-up to the RBNZ MonPol decision (due at
the top of the hour) and a press conference with RBNZ Governor Orr.
- USD/KRW opened highs, but has been trimming gains since. Local unemployment
data was better than forecast, but the loss in jobs was the largest since 1999
and coupled with a decline in participation.
- USD/CNH trades on a softer footing, hovering just above the psychological
CNH7.1000 barrier. The daily PBoC USD/CNY fix is due shortly.
- UK monthly activity indicators & flash quarterly GDP data, U.S. PPI, EZ
industrial output, Swedish CPI & Japanese Eco Watchers Survey take focus from
here. Speaker slate features Fed's Powell, as well as ECB's Lane & de Guindos.

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.