MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Smaller Firms Split Over Wage Hikes - BOJ Report

MNI BRIEF: Majority Of Regions Cut Economic View - BOJ

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

MNI: EUROZONE FEB PPI -1% M/M, -8.3% Y/Y

BOE DMP details look soft

Impressive Services PMI Helps Push Eurozone Back Into Growth

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 Stabilises, Aussie Lags Behind

FOREX

The U.S. dollar index (DXY) hovers above yesterday's low of 102.46, stabilising after a rout caused by the FOMC's decision to raise interest rates by the expected 50bp and Chair Powell’s insistence that a 75bp rate hike is not an actively debated scenario.

  • The Aussie dollar underperforms at the margin, even as NZD, NOK and CAD have edged higher amid firmer crude oil prices. AUD weakness coincides with a retreat in ACGB yields, with participants assessing the implications of the Fed's policy announcement for this week's hawkish tilt from the RBA.
  • This week's central bank activity does not stop here. Monetary policy decisions are due from both the Bank of England and the Norges Bank, with ECB's Lane, Centeno & Holzmann and BoC's Schembri set to speak.
  • Today's data highlights include China's Caixin Services PMI, Australian trade balance, German factory orders and U.S. weekly jobless claims.
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.