BOC DEBATED HOLDING 4.25% RATE BEFORE JAN 25 HIKE:MINUTES

MNI BRIEF: Selected Text From BOC Governing Council Minutes

MNI:Debut BOC Minutes Show Debate on Rate Hold Before Jan Hike

US Treasury Auction Calendar

MNI: USDA: 2022/2023 CORN PRODUCTION EST 13.73B BSL

EZ/UK Bond Supply Calendar: UK Short APF Sales Thurs

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

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

BLOCK, Late 2Y Buy

FOREX

Mixed G10 Performance As Markets Pause For Breath

US STOCKS

Corporate Earnings After the Close

USDJPY TECHS

Finds Resistance At The 50-Day EMA

EMERGING MARKETS

Waller Says Fed Must Do More, Tighten Financial Conditions

FED

Gov. Waller Doesn’t Like Supercore Inflation Ideas

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
Trending Top 5
Market News Topics

Outperforming US Yield Stability, But Positive Equity Sentiment Is Helping

CNH
EM BulletFixed Income NewsHomepageBulletMarketsEmerging Markets NewsForeign Exchange News

USD/CNH has been more range bound through today's session, unable to make new lows (7.0293 today versus just under 7.02 yesterday). Upside gains have also been limited though, with selling interest emerging above 7.0600. Softer activity data outcomes haven't helped sentiment, although follow through pressures have been limited. The USD is finding some support against the majors (most notably JPY) as US yields have stabilized, which could also be generating some stability in USD/CNH.

  • The chart below overlays USD/CNH against the 2yr US-CH government bond differential. The two series don't move one for one, particularly over the longer term, but CNH has outperformed the rate differential recently.

Fig 1: USD/CNH & US-CH 2yr Yield Differential

Keep reading...Show less
245 words

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.

USD/CNH has been more range bound through today's session, unable to make new lows (7.0293 today versus just under 7.02 yesterday). Upside gains have also been limited though, with selling interest emerging above 7.0600. Softer activity data outcomes haven't helped sentiment, although follow through pressures have been limited. The USD is finding some support against the majors (most notably JPY) as US yields have stabilized, which could also be generating some stability in USD/CNH.

  • The chart below overlays USD/CNH against the 2yr US-CH government bond differential. The two series don't move one for one, particularly over the longer term, but CNH has outperformed the rate differential recently.

Fig 1: USD/CNH & US-CH 2yr Yield Differential

Keep reading...Show less