RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Initial USD Strength Fades With Month-End Flow Eyed

FOREX
  • The greenback traded on the front foot for much of the Friday session, with markets watching for front-loaded month-end flow that was speculated to be USD positive. Initial USD gains helped spur further upside in USD/JPY, which spilled above Y110.00 for the first time since early April.
  • This price action swiftly reversed following the Friday WMR fix, with the USD drifting to press the USD Index back toward the 90.00 handle.
  • EUR/USD recouped the day's losses as markets eyed an MNI report citing sources as saying the ECB's PEPP purchases could half after the 'active' phase concludes in March. EUR/USD remains in the March-May uptrend, but Friday's initial weakness has worked against this pattern.
  • The coming week will likely get off to a slow start, with a UK and US market holiday Monday likely keeping activity muted. After that, China's PMI, prelim inflation data from Germany, the RBA rate decision and the May nonfarm payrolls release.
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.