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

BOC- HIGH CPI MEANS TALK ABOUT NORMALIZING RATES PREMATURE

MNI: BOC Looking At SVB And Inflation Drop In Next Forecast

BOC SAYS MKTS STILL WORKING AFTER STRESS OF SVB COLLAPSE

EZ/UK Bond Supply Calendar: Italy to sell BTP / CCTeu on Thurs

US EIA: CRUDE OIL STOCKS EX SPR -7.49M TO 473.7M MAR 24 WK

MNI: US NAR FEB PENDING HOME SALES INDEX 83.2 V 82.5 IN JAN

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

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 Access
Trending Top 5
Market News Topics

Little Meaningful Moves, USD Marginally Pressured

FOREX
BulletMarketsForeign Exchange NewsHomepage

There have been little meaningful moves observed across FX in early trading, the USD is marginally pressured with BBDXY down ~0.1%.

  • USD/JPY is ~0.1% softer, last printing ¥132.40/50. Dec Labour Cash Earning rose 4.8% vs 2.5% exp, Dec Real Cash Earning were also on the wires printing at 0.1% vs -1.5% exp. Jan Household spending fell 1.3% more than the exp -0.4%.
  • AUD is the strongest performer in G-10 space at the margins. AUD/USD is ~0.2% firmer, last printing $0.6890/95. Dec trade balance is on the wires shortly, however the RBA rate decision today is the main focus.
  • NZD/USD is ~0.1%, dealing in a narrow 15 pip range today, last printing a tough off session highs at $0.6310.
  • EUR/USD and GBP/USD are both marginally higher.
  • Cross asset flows are seeing US Equity Futures firm in early trade, e-minis are up ~0.2%. US Treasury yields are little changed across the curve.
  • The latest RBA Monetary Policy decision headlines the Asia-Pac session, the Bank is expected to hike by 25bp. Further out we have US Trade Balance, which headlines an otherwise thin data slate. Fed Chair Powell speaks today for the first time since last week's Fed meeting.
190 words

To read the full story

Why Subscribe to

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.

There have been little meaningful moves observed across FX in early trading, the USD is marginally pressured with BBDXY down ~0.1%.

  • USD/JPY is ~0.1% softer, last printing ¥132.40/50. Dec Labour Cash Earning rose 4.8% vs 2.5% exp, Dec Real Cash Earning were also on the wires printing at 0.1% vs -1.5% exp. Jan Household spending fell 1.3% more than the exp -0.4%.
  • AUD is the strongest performer in G-10 space at the margins. AUD/USD is ~0.2% firmer, last printing $0.6890/95. Dec trade balance is on the wires shortly, however the RBA rate decision today is the main focus.
  • NZD/USD is ~0.1%, dealing in a narrow 15 pip range today, last printing a tough off session highs at $0.6310.
  • EUR/USD and GBP/USD are both marginally higher.
  • Cross asset flows are seeing US Equity Futures firm in early trade, e-minis are up ~0.2%. US Treasury yields are little changed across the curve.
  • The latest RBA Monetary Policy decision headlines the Asia-Pac session, the Bank is expected to hike by 25bp. Further out we have US Trade Balance, which headlines an otherwise thin data slate. Fed Chair Powell speaks today for the first time since last week's Fed meeting.