-
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
Commodities
Real-time insight of oil & gas markets
-
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 Chart Packs -
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 AccessLittle Respite
USD/Asia pairs are higher once again. USD/CNH touched above 6.8500, as local banks cut the 5yr LPR more than expected. The won is off by more than 1%, with USD/KRW making fresh highs back to 2009.
- CNH: USD/CNH briefly spiked above 6.8500 following the LPR cut announcement. This took the pair above Friday night highs, with the stronger than expected CNY fixing only providing fleeting relief. China equities are higher though on hopes the 5yr LPR cut will aid the property sector.
- KRW: Spot USD/KRW is more than 1% higher, breaching the 1340 level. The is fresh highs going back to 2009. Onshore equities are weaker, off by over 1%. The first 20 days of trade data for August showed a picture of slowing external demand and a still very wide trade deficit.
- INR: The rupee weakened in early trade, but USD/INR ran out of momentum ahead of 79.90. The pair was last back at 79.84. The 1 month NDF remains above 80.00. Lower oil prices are providing limited relief so far. Onshore equities are also unwinding some of the recent bounce, off -1% in the first part of trading.
- IDR: Spot USD/IDR has crept higher amidst risk-off backdrop and last trades +34 figs at IDR14,872. A break above the nearby 50-DMA (IDR14,889) would bring Aug 4 high of IDR14,939 into view. Bank Indonesia will deliver its monetary policy decision tomorrow. Most analysts expect the central bank to stand pat on interest rates.
- PHP: The Philippine peso has been offered amid weakness in the broader Asia EM FX space and an apparent moderation in Bangko Sentral ng Pilipinas' rate-hike plans. Spot USD/PHP deals +0.135 at 56.080, with bulls looking for a move towards record highs of PHP56.500. Bears keep an eye on the 50-DMA, which intersects at PHP55.412.
- THB: Spot USD/THB has crossed above its 50-DMA and last deals +0.27 at 35.945. The back end of last week brought some positive news for Thailand's critical tourism industry. The government said it will allow foreign visitors to extend their stay, while hotel operators signalled the intention to boost investment budgets. Later this week, customs trade data will be published Wednesday.
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.