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 Slowly Grinding Higher Post US 10Yr Auction, Stocks On Back Foot

USD
  • The greenback has been edging higher over the past two hours as equities continue to pare the week’s gains, largely shrugging off the earlier comments from Shoigu and more focusing on the Poldoyak’s rebuttal. Furthermore, the crypto rout continues to deepen with bitcoin extending the day’s declines to 12%.
  • Additional pressure on treasuries following the US 10yr auction is underpinning the most recent USD strength.
  • With risk sentiment dented, the likes of AUD and NZD are extending losses to more than 1% on the session, however, GBP is the clear underperformer, having fallen 1.8% as of writing back below 1.1350 and eyeing the week’s lows around the 1.1300 handle. EURGBP also extending gains above 0.8791 resistance, trading to a 4-week high of 0.8828. Next resistance comes in at 0.8867, high Nov 12.
  • A very light data docket on Thursday ahead of the US CPI main event. For those that haven’t seen the MNI preview is here: https://roar-assets-auto.rbl.ms/documents/20127/USCPIPrevNov2022.pdf

BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.