-
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 AccessCNH Weakens Amid Fresh Property Concerns
USD/Asia pairs have been mixed today, although the USD has still been supported on dips for the most part. USD/CNH rebounded amid fresh property woes for China. FX stability remains a focus for the South Korean authorities, while IDR hasn't seen much follow through support after yesterday's surprise rate hike.
- CNH: USD/CNH shrugged off a noticeably stronger than expected CNY fixing, with onshore equities weaker, particularly in the property sector. This follows fresh reports of corruption crackdowns in the sector. USD/CNH dipped towards 6.8550 post the fix but rebounded from here and edged above 6.8800 before selling interest emerged. We last tracked at 6.8730.
- KRW: Spot USD/KRW was lower in early trade, but got dragged higher by a weaker CNH trend. FX levels remain in focus with South Korean President Yoon stating FX volatility was on the rise. Dips below 1340 are supported but the pair hasn't tested resistance above 1345 today.
- IDR: The rupiah has weakened anew amidst risk aversion, despite catching a bid yesterday as Bank Indonesia delivered a surprise 25bp hike to the 7-Day Reverse Repo Rate. Spot USD/IDR has added 25 figs to last trade at IDR14,863. The central bank will also undertake an Operation Twist-style measure to stabilise the rupiah. The Bank will sell more short-term gov't debt in the market, while buying longer dated bonds.
- THB: Spot USD/THB trades +0.04 at THB36.14, shrugging off overnight greenback sales. The minutes from the BoT's most recent monetary policy meeting provided few, if any, surprises. The MPC judged that gradual policy normalisation will be consistent with sustainable growth, even as one member called for faster tightening. Foreign investors bought a net $133.0mn in Thai stocks on Tuesday, marking the 13th consecutive day of net inflows.
- MYR: USD/MYR couldn't sustain early downside, with the pair moving up from 4.4840 to 4.4880. A weaker CNH has arguably not helped onshore sentiment. We remain below recent highs above 4.4900 for now though. A reminder that we will get an update on Malaysia's CPI inflation this Friday.
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.