-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
CNH outperforms
Asian FX has been on a more positive footing as the session progresses, although gains have not been uniform. CNH has outperformed, while IDR and INR have been laggards.
- CNH: USD/CNH pushed higher in early trade, nearly touching 6.7100 on negative Covid headlines. Shanghai will lockdown two districts this weekend for mass testing. The USD/CNY fix was lower than expected though, which helped temper upside pressures. The bumper trade figures helped sentiment further, along with broad based USD weakness. USD/CNH has found some support below 6.6800 as onshore equity sentiment has remained weak (CSI 300 off 1%).
- KRW: 1 month USD/KRW has reversed from earlier highs above 1260. We now sit back at 1254. Lower USD/CNH levels have helped, while the Kospi is only down a touch, outperforming the tech sell-off from overnight. Foreign investors have still been large sellers of local equities though, -$403mn so far today.
- INR: The rupee has seen little reprieve from softer USD sentiment elsewhere. Softer local equities and higher oil, with Brent almost at $124/bbl are clear headwinds. Spot USD/INR is drifting higher, but is yet to break above 77.80.
- IDR: Spot USD/IDR is higher, while the 1 month NDF was last +52.5 figs at 14573. With covid cases creeping higher, the government announced mobility restrictions will remain in place and that it won't rush to the endemic stage. Bank Indonesia's consumer confidence gauge improved to 128.9 in May from 113.1 prior.
- PHP: USD/PHP has moved away from earlier highs, with spot back to 52.93. The Philippines' trade deficit moderated to $4.773bn in April from $5.007bn prior as annual growth in both imports and exports was slower than expected.
- THB: USD/THB pushed above 34.55 in early trade, but we are now back to 34.50. Thai consumer confidence slipped to 40.2 from 40.7. The central bank is getting closer to tightening policy, but this only provided brief relief for THB late yesterday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.