MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Narrow Ranges Across G-10 FX

FOREX

There has been a muted start across G-10 FX, ranges have been narrow with little follow through on moves thus far.

  • Yen is little changed, USD/JPY has observed a ~20 pip range this morning. Immediate attention is on Monday's high (¥133.87), a break of here would strengthen the short term bullish theme. March PPI printed in line with expectations at 0.0% M/M whilst the Y/Y measure was a touch above estimates at 7.2%.
  • AUD/USD prints at $0.6650/55, the pair sits in a 10 pip range today with little follow through on moves. Resistance comes in at $0.6697, 20-Day EMA, and support is at $0.6620 low from April 10.
  • Kiwi has also dealt in a narrow range, NZD/USD sits below $0.62. Bulls first look to target 20-Day EMA ($0.6235).
  • Cross asset wise; BBDXY is flat as are e-minis. US Treasury Yields are little changed.
  • The docket is thin for the remainder of the Asia-Pac session. Further out US CPI, FOMC meeting minutes and the Bank of Canada monetary policy decision provide today's highlights.
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.