Free Trial

Moves Extend

FOREX

The greenback continues to weaken early in the Asia-Pac session, AUD & NZD both adding a handful of pips. For AUD focus is on labour market data later in the session, while NZD benefitted from REINZ house sales surging 31.2% Y/Y in March, building on February's 14.6% increase and marking the strongest March in 14 years, other data showed food prices were unchanged in March.

  • JPY is slightly stronger, USD/JPY moving lower after treading water on Wednesday. As a reminder, it is a Gotobi day today.
  • Yuan is stronger, USD/CNH hovering near Wednesday's sessions lows where a three-week low was hit. Markets will watch today's MLF operations for any clues on the stance of the PBOC.

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.