MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: China CFETS Yuan Index Down 0.28% In Week of Jul 5

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1286 MON VS 7.1289

INDON/PHILIP Sovs Tighten Through the Front-End

Australia May Housing New Loan Commitment -1.7%

MNI BRIEF: Japan May Negative Real Wage Widens to -1.4%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Kiwi Standout Performer In Asia

FOREX

The Kiwi is the strongest performer in the G-10 space at the margin today. The greenback has ticked lower amid thin holiday trade, US and Japanese cash markets are closed, BBDXY is down ~0.1%. Oil has ticked lower, as Asian participants digested Wednesday's news of a delayed OPEC meeting. US Equity futures are little changed. A firmer than expected Yuan fixing by the PBOC weighed on the USD with losses marginally extending through the session.

  • NZD/USD prints at $0.6045/50, the pair is ~0.5% firmer today. Bulls remain focus on the 200-Day EMA ($0.6062). PM-Elect Luxon noted today taht he is aiming to be sworn in as PM on Monday as government formation talks have concluded.
  • AUD/USD is up ~0.2% however a $0.6040/60 range has been observed for the most part. Judo Bank PMIs remain in contractionary territory, flash November prints were 47.7 (mfg) 46.3 (Services) and 46.4 (Composite) with all three ticking lower from the October reads.
  • Yen is firmer and has ticked away from yesterday's session highs, however the ¥149 handle remains intact. Technically the recent weakness looks like a correction, resistance comes in at ¥149.75 high from Nov 22. Support comes in at ¥147.15, low from Nov 21.
  • Elsewhere in G-10 SEK is ~0.3% higher however liquidity is generally poor in Asia.
  • Flash PMIs from Europe and the UK provide the highlight today.
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.