MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 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.