© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
JGB TECHS

(U2) Solid Bounce Into the Close

USDCAD TECHS

Bullish Price Structure

AUDUSD TECHS

Clears Key Support

EURJPY TECHS

Retracement Mode

COMMODITIES

Oil Supply Constraints Trump Lower Demand

USDJPY TECHS

Pullback Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Greenback Offered Amid Better Sentiment, Aussie Rises Post-Retail Sales

FOREX
BulletMarketsForeign Exchange

Positive risk sentiment lingered on after a solid session on Wall Street, supported by an early bid in Chinese equities. Offshore yuan garnered some strength, which radiated across G10 FX space. The redback shrugged off a plunge in Chinese industrial profits amid hopes for more policymaker support, as local governments are accelerating special bond issuance to stabilise investment and growth.

  • The greenback fell prey to better risk appetite and landed at the bottom of the G10 pile, as the dollar index (DXY) pulled back from a one-week high, even as U.S. e-mini futures slipped. Traditional safe havens JPY and CHF also faced headwinds.
  • On recent yen moves, Japan PM Kishida said they have been driven by different factors and the government is focusing on easing the impact on households and businesses. He added that FX moves are expected to stabilise on the back of steps to avoid the outflow of funds from Japan.
  • The Antipodeans set the pace for gainers in G10 FX space. AUD/USD climbed to a three-week high after Australia's retail sales rose 0.9% M/M (vs. BBG est. +1.0% M/M) to a fresh record in April, suggesting that household spending remains healthy despite rising costs of living.
  • U.S. PCE, wholesale inventories and U. of Mich. Sentiment as well as comments from ECB's Lane take focus from here.
215 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Positive risk sentiment lingered on after a solid session on Wall Street, supported by an early bid in Chinese equities. Offshore yuan garnered some strength, which radiated across G10 FX space. The redback shrugged off a plunge in Chinese industrial profits amid hopes for more policymaker support, as local governments are accelerating special bond issuance to stabilise investment and growth.

  • The greenback fell prey to better risk appetite and landed at the bottom of the G10 pile, as the dollar index (DXY) pulled back from a one-week high, even as U.S. e-mini futures slipped. Traditional safe havens JPY and CHF also faced headwinds.
  • On recent yen moves, Japan PM Kishida said they have been driven by different factors and the government is focusing on easing the impact on households and businesses. He added that FX moves are expected to stabilise on the back of steps to avoid the outflow of funds from Japan.
  • The Antipodeans set the pace for gainers in G10 FX space. AUD/USD climbed to a three-week high after Australia's retail sales rose 0.9% M/M (vs. BBG est. +1.0% M/M) to a fresh record in April, suggesting that household spending remains healthy despite rising costs of living.
  • U.S. PCE, wholesale inventories and U. of Mich. Sentiment as well as comments from ECB's Lane take focus from here.