MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

Brightmine (XpertHR): Pay Deals Fall to 4.8%; Expected 5% for 2024 Overall

US Treasury Auction Calendar

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

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

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

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

Mixed Performance Across G10, NZD Maintains Decline

FOREX
  • The modest bounce for equity indices late on Thursday kept the greenback trading with a bearish tone on Thursday. G10 currencies traded in a much more subdued manner to Thursday, with mixed performance across the board.
  • The Euro trades on a slightly firmer footing which can be attributed to comments from ECB's Knot, who stated he sees "multiple" 50bps rate hikes from the bank, adding that markets may be underestimating the bank's policy path. EUR/USD spent the majority of the session back above the 1.08 handle and eyes Wednesday’s cycle high at 1.0887.
  • Weaker Australian employment data has weighed on AUD, which despite paring a large portion of its early declines, still resides 0.35% lower on the day. Additionally, the unexpected resignation of the NZ PM Jacinda Ardern leaves NZD at the bottom of the G10 leaderboard, falling 0.62% on Thursday.
  • Slightly more pronounced moves in the EM space where the negative tilt to risk sentiment across global markets has further weighed on the likes of ZAR (-0.98%) and MXN (0.56%), in the face of the weaker US dollar.
  • UK and Canadian retail sales data will be published on Friday, as well as US existing home sales. There remains potential for commentary from central bankers and politicians in Davos. Most notably, ECB’s Lagarde will be participating in a panel discussion titled "Global Economic Outlook: Is this the End of an Era?"
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.