MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Markets Flatline as Geopolitical Risk Fades

FOREX
  • Antipodean currencies are modestly higher, with AUD and NZD modestly firmer against broader G10. Resultingly, AUD/USD has firmed just above last week's lows, however there are few technical signs of a firmer bounce at current levels. Last week's 0.6363 print marks multi-month lows in the pair, and renewed weakness opens mid-November lows at 0.6339 and below.
  • The USD Index is flat but holds the bulk of the early April rally. With the Fed inside the pre-meeting media blackout, focus remains on recent highs of 106.517, a break above which puts prices at the best levels since November.
  • CHF trades among the poorest in G10. Friday's CFTC update showed markets built the CHF net short to its largest level since 2019 as the SNB easing cycle contrasts further with the persistent pushback in ECB/BoE/Fed cycle expectations.
  • Focus for the duration of the Monday session rests on the US Chicago Fed National Activity Index as well as Eurozone consumer confidence. The central bank speaker slate sees ECB's Villeroy and Lagarde on the docket, with Fed speakers notably absent as the FOMC enter their pre-meeting media blackout period.
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.