MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 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.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.