MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

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 on Steadier Footing After Waller Talks Down CPI Hopes

FOREX
  • The dollar is firmer for the first session in three, with the USD Index recovering back to the 107.00 handle as recent price action stabilises. Comments from Fed's Waller proved USD supportive, stating that the FOMC need to see more than just a single lower CPI print before being comfortable that inflation is in decline. Waller added that "The market seems to have gotten way out in front on this".
  • Background USD strength is keeping EUR/USD support at the 1.03 handle under pressure, with a break below opening retracement toward 1.0217, the 23.6% Fib for the November upleg.
  • The JPY is the poorest performer in G10 amid solid performance for Asia-Pac equity markets after Chinese authorities moved to support the local property market. Regulators rolled out a series of 16 policy measures including liquidity support to looser pre-payment conditions. USD/JPY remains in range of the 100-dma at 140.82, the first upside level of note.
  • Datapoints are few and far between Monday, with focus instead on the speaker slate. ECB's Centeno, de Guindos, Brainard and Williams are due as well as Nagel speaking in a Bundesbank capacity.
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.