CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Greenback Marginally Pressured In Asia

FOREX

The USD has been marginally pressured in Asia, BBDXY has breached post CPI lows, as Asia digests yesterday inflation data from the US.

  • The Yen is the strongest performer in the G-10 space; weaker US Tsy Yields have weighed on USD/JPY. The pair sits a touch above the ¥147 handle. Technically the trend condition remains bullish, resistance is at ¥147.87 high from Sep 7 and bull trigger. Support is at ¥145.91, low from Sep
  • AUD/USD is firmer, the pair has not yet been able to breach the 20-Day EMA ($0.6445). The August Labor Market Report saw the Unemployment Rate hold steady as expected, there was an increase in the number of jobs and in the participation rate.
  • Kiwi is firmer, NZD/USD is up ~0.2%. The pair was unable to sustain a break of the 20-Day EMA ($0.5936) and sits a touch below the measure.
  • Elsewhere in G-10; EUR and GBP are both ~0.1% firmer.
  • Cross asset wise; e-minis are up ~0.3% and BBDXY is down ~0.2%. 10 Year US Tsy Yields are 2bps lower.
  • The latest monetary policy decision from the ECB provides the highlight in Europe.
Energy BulletsCommodities
Energy BulletsCommodities

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.