MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: US JUN PERSONAL INCOME +0.2%; NOM PCE +0.3%

Monthly Retail Sales Volatility Obscures Still-Positive 3m/3m Trend

Retail Sales Grow Slightly In June, Consistent With Surveys

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

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

Greenback Further Erasing Post-NFP Gains

EMERGING MARKETS
  • The USD is comfortably the poorest performing currency in G10, with the DXY stepping lower to erase the majority of the post-NFP strength. The USD Index is close to 0.7% off the Friday high, with 101.987 marking the immediate support to watch. Moves come as markets see relatively little read through from the jobs report to Fed monetary policy, with a 25bps step in early May likely marking the peak of this tightening cycle.
  • China's Consumer Price Index rose 0.7% y/y in March, 1pp off market expectations and down from February’s 1% y/y change due to higher fresh produce supply and lower energy and automobile prices, according to data from the National Bureau of Statistics. Food costs increased 2.4% y/y, down 0.2pp from February as vegetable prices dropped by 11.1% y/y, 7.3pp lower than last month.
  • Eurozone retail sales contracted by -0.8% m/m in the February data, in line with consensus expectations. Sales fell by -3.0% y/y, signalling the fifth consecutive read in negative territory for the data. Germany alone posted a substantial -7.0% y/y drop in sales. Looking forward, eurozone economic confidence edged down in March, with retail outlooks remaining broadly stable with again tentative signs of purchasing intentions improving.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.