MNI BRIEF: BOJ To Mull Hikes If 2% Probability Rises - Ueda

MNI BRIEF: Case For ECB Cuts Strengthening, Accounts Show

MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI:AUSTRALIA FEB TRADE BALANCE A$+7280

EZ/UK Bond Supply Calendar: EU Auction And BoE Short APF Mon

US EIA:NAT GAS STORAGE -37 BCF TO 2,259 BCF MAR 29 WK

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Light Risk Aversion Manifests In G10 FX Space

FOREX

Light risk-off flows have driven G10 price action in early Asia hours, even as U.S. e-mini contracts have ground higher. Macro headline flow has been thin, but a sense of concern surrounding China's response to U.S. House Speaker Pelosi's Taiwan trip & Thursday's downbeat BoE commentary may have discouraged regional players from taking on more risk.

  • The likes of USD, JPY and CHF have capitalised on demand for safe havens, while the Antipodeans pace losses. All G10 crosses have been happy to stick to fairly tight ranges.
  • The sterling has also come under pressure in the wake of gloomy economic forecasts that accompanied yesterday's BoE monetary policy decision.
  • As a reminder, the RBA will publish its quarterly Statement on Monetary Policy (SoMP) within an hour.
  • U.S. NFP report will steal the limelight later in the day. Its Canadian equivalent as well as German industrial output data and comments from Fed's Barking & BoE's Pill are also due.
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.