Free Trial
EURGBP TECHS

Bearish Threat Still Present

USDCAD TECHS

Corrective Cycle Extends

GBPUSD TECHS

Probes 1.3000

EURUSD TECHS

Attention Is On The Bear Trigger

US TSYS

Tsy Yield Curves Reverse Early Flattening

US

Late Corporate Credit Risk

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX

NZD remains the top G10 performer after a round of comments from RBNZ Asst Gov Hawkesby, who reaffirmed the message delivered by yesterday's MPS. Hawkesby noted that negative interest rates are less likely if banks use cheap loans under the new FLP facility, adding that "less stimulus is required than we thought in August" (as suggested by the lift in the Bank's unconstrained OCR track). Although Hawkesby's comments offered no new insights, they may have provided some further clarity on the RBNZ's messaging. NZD/USD has not yet tested yesterday's 19-month highs, but AUD/NZD took out a key support and sank to its worst levels since Apr 22.

  • Elsewhere, price action across G10 FX space has been fairly subdued. In Asia, USD/CNH has slipped as we await today's PBoC fix.
  • Coming up today, we have UK quarterly GDP & monthly economic activity indicators, U.S. initial jobless claims, EZ industrial output as well as U.S., Swedish & German CPIs. Speeches are due from BoJ's Adachi, Fed's Powell & Evans, BoE's Bailey & Cunliffe, ECB's Lagarde & de Guindos, BoC's Wilkins & Riksbank's Breman.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.