MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

CBI Price Expectations for Three Months Ahead Lowest Since December 2020

MNI: UK JUL CBI INDUSTRIAL TRENDS TOTAL ORDERS -32

Broad-Based IFO Weakness Reinforces Narrative of Recovery Stall

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Positive US Equity Lead Aids NZD and AUD Outperformance

FOREX

The USD BBDXY index is slightly softer to start this week, off 0.05% and back under 1264. NZD and AUD are outperforming the rest of the G10 complex.

  • The follows a positive start to US equity futures, led by the Nasdaq, +0.50% firmer. Eminis are around 0.38% higher. Lack of further escalation in Mid East tensions over the weekend has likely helped early risk tones.
  • NZD/USD is the best performer, up nearly 0.30%, last near 0.5905. AUD/USD is up 0.25%, last at 0.6435/40. Both currencies are either at or above levels that prevailed on Friday prior to risk off headlines around explosions in Iran emerged.
  • JPY is underperforming these moves, last close to unchanged versus the USD, the pair in the 154.65/70 region. US Tsy futures are weaker in the first part of trade, while cash Tsy yields have opened up +1.5-2.0bps higher.
  • Coming up in a while we have the China LPR decisions, but no change is expected. Market sentiment in the FX space is likely to be dictated by broader risk flows.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.