MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Greenback Consolidates Moderate Gains, Antipodeans Underperform

FOREX
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
  • While most European markets are open, the observance of the Whit Monday holiday initially tempered activity to start the week, with most G10 currencies exhibiting narrow ranges as we approached the NY crossover. A brief bout of weakness for Treasuries saw the USD index pop to fresh session highs, however, gains have been partially reversed throughout the remainder of the session.
  • The index approaches the APAC crossover 0.10% higher on the day, although just 45 pips off the recent lows. Market participants will monitor the April lows just below the 104 handle as the next notable support as markets await further US data to assess short-term Fed pricing.
  • The higher US yields prompted a notable move higher for USDJPY, breaking back above 156.00 and printing a high of 156.23. 156.74 remains the notable resistance to watch.
  • Ahead of Tuesday’s RBA minutes, AUDUSD has also pulled back slightly. However, a bullish remains intact following last week’s gains where the move higher resulted in the break of a number of short-term resistance points, including a key short-term resistance at 0.6668, the Mar 8 high.
  • NZDUSD (-0.33%) is a relative underperformer following a Q2 RBNZ survey of inflation expectations showed households saw a slightly lower median expected inflation rate for the next two years at 3% from 3.2% in 1Q. This comes ahead of the RBNZ meeting on Wednesday, where markets expect an unchanged decision.
  • Tuesday’s data calendar will be highlighted by Canada inflation data. Elsewhere, ECB’s Lagarde and another plethora of Fed members will speak.
248 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.
  • While most European markets are open, the observance of the Whit Monday holiday initially tempered activity to start the week, with most G10 currencies exhibiting narrow ranges as we approached the NY crossover. A brief bout of weakness for Treasuries saw the USD index pop to fresh session highs, however, gains have been partially reversed throughout the remainder of the session.
  • The index approaches the APAC crossover 0.10% higher on the day, although just 45 pips off the recent lows. Market participants will monitor the April lows just below the 104 handle as the next notable support as markets await further US data to assess short-term Fed pricing.
  • The higher US yields prompted a notable move higher for USDJPY, breaking back above 156.00 and printing a high of 156.23. 156.74 remains the notable resistance to watch.
  • Ahead of Tuesday’s RBA minutes, AUDUSD has also pulled back slightly. However, a bullish remains intact following last week’s gains where the move higher resulted in the break of a number of short-term resistance points, including a key short-term resistance at 0.6668, the Mar 8 high.
  • NZDUSD (-0.33%) is a relative underperformer following a Q2 RBNZ survey of inflation expectations showed households saw a slightly lower median expected inflation rate for the next two years at 3% from 3.2% in 1Q. This comes ahead of the RBNZ meeting on Wednesday, where markets expect an unchanged decision.
  • Tuesday’s data calendar will be highlighted by Canada inflation data. Elsewhere, ECB’s Lagarde and another plethora of Fed members will speak.