Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
- Growth proxies and commodity-tied FX initially outperformed on Wednesday. However, as both equities and commodities reversed course throughout the US session, the US dollar/haven FX rallied and risk-tied currencies retraced lower.
- The Japanese Yen topped the G10 leaderboard, rising 0.35% against the greenback with greater gains evident on the crosses. USDJPY short-term bearish technical threat remains in place. Tuesday's weakness saw prices test and show below key short-term support at 112.73, Nov 9 low before prices improved ahead of the close. A clear break would open 112.08 next, a recent breakout level.
- One of the sharpest reversals was in USDCAD, bouncing just under 1% from lows of 1.2714 to around 1.2830. A strengthening of the current bullish theme signals scope for strength towards 1.2896 next, the Sep 20 high.
- Despite the early dollar weakness, price action has been supportive throughout the latter half of the session with broad dollar indices trading on the front foot and into positive territory as of writing.
- Back in the spotlight in emerging markets was the Turkish lira, which sharply rallied as the Turkish central bank intervened in the market. This comes following the Presidents unwavering rhetoric towards lowering interest rates. The Turkish monetary authority said that they intervened in markets by selling foreign currencies for the first time in seven years. After the colossal move from 13.88 down to 12.42, the pair consolidated within a 13.00-13.40 range for the rest of the session, currently down 1.8% on the day.
- Australian retail sales and trade balance data due overnight before European unemployment figures. US unemployment claims also due with a number of potential Fed speakers listed as we approach the FOMC blackout. The markets focus will be on Friday’s release of US non-farm payrolls.