MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 Remains Underwater Post-Fed, With Attention Shifting to Lagarde

FOREX
  • The greenback is maintaining the post-Fed losses, with the USD Index holding underwater for much of the European morning. The index is around 0.8% off the Powell press conference highs, but has clawed back a small part of the losses posted overnight.
  • Growth proxies and high beta currencies are favoured this morning, putting NZD and SEK at the top of the G10 pile. NZD/USD's overnight print of 0.6538 marked the highest level since early June last year, opening next resistance at $0.6576.
  • Meanwhile, EUR/SEK sits lower but holds close to the cycle highs printed this year at 11.4022. A hawkish turnout for the ECB could tilt the cross back above this level, putting EUR/SEK on track to test the pandemic high at 11.4262.
  • Focus rests on central banks for the rest of the Thursday session, with the Bank of England decision due first at 1200GMT/0700ET, followed by the ECB at 1315GMT/0815ET. Both banks are seen raising rates by a 50bps clip today, with attention turning to their subsequent press conferences for clues on the future trajectory for rates.
  • Outside of central banks, weekly US jobless claims data is also due, as well as factory orders for December.
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.