Free Trial

Muted Asian Session On Wednesday

FOREX

Its been a muted Asian session for G-10 FX, moves have been limited with little follow through and ranges have been narrow.

  • AUD/USD is ~0.1% dealing in a narrow range below the $0.68 handle. The May Westpac Leading Index printed at -0.27%, the prior read was -0.03%.
  • Kiwi is a touch firmer however NZD/USD has observed a 15 pip range for the most part of todays Asian session.
  • Yen is marginally pressured, USD/JPY is up ~0.1% however the pair remains well within recent ranges.
  • Elsewhere in G-10 EUR and GBP are a touch lower than Tuesday's closing levels.
  • Cross asset wise; BBDXY is ~0.1% firmer and US Treasury Yields are ~2bps firmer across the curve. E-minis are little changed.
  • The May CPI report from the UK headlines todays data docket. Headline CPI is expected to tick lower to 0.5% M/M from 1.2% M/M in April.

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.