MNI: PBOC Net Injects CNY213.8 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Tues; -2.09% Y/Y

MNI BRIEF: Liberal Lawmaker Says Trudeau Needs To Step Aside

MNI BRIEF: US ISM Expects Increased Revenues, Sticky Prices

MNI NBH WATCH: Policy Pause To Continue, Fresh Projections Due

MNI NBH POLICY: NBH To Hold Rates As Inflation In Line

MNI: UK NOV CLAIMANT CHG +300

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: US DEC FLASH MANUF PMI 48.3 (FCST: 49.5); NOV 49.7

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

Kiwi Marginally Pressured, Yen Firmer In Early Trade

FOREX

The NZD is marginally pressured in early dealing on Monday as it continues to trim some of last weeks post-CPI gains.

  • NZD/USD prints at $0.6355/60, the pair is ~1% below its high on Friday as it continues to trim post CPI gains. The Performance Services Index ticked lower in June to 50.1 from the prior read of 53.3.
  • Yen is firmer on Monday, USD/JPY is down ~0.2% marginally unwinding some of Friday's outperformance and last prints at ¥138.50/60. Resistance comes in at the high from 13 July ¥138.95, support is at ¥137.25 the low from 14 July. A reminder that
  • AUD is a touch below opening levels however ranges are narrow with little follow through on moves.
  • Cross asset wise; US Equity Futures are lower, e-minis are down ~0.2%. US Tsy futures are little changed thus far. BBDXY is also flat.
  • 1-Year MLF and monthly economic activity data from China headlines in Asia today, further out Empire Mfg from the US is the highlight of an otherwise thin docket.
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.