-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessPrice Action Rangebound Despite BoK Hike, Strong Chinese Trade Report
Hawkish Fedspeak did the rounds across Asia, with most USD/Asia crosses holding tight ranges. The rupiah lagged behind its regional peers.
- CNH: Spot USD/CNH has stuck to a narrow range, as the PBOC set their yuan reference rate just 15 pips above sell-side estimate, which represents a moderation from yesterday's 60-pip deviation. The redback also turned a blind eye on China's trade data, which showed that monthly trade surplus hit an all-time high in Dec, while both imports and exports for the entire 2021 printed record highs, generating an annual trade surplus of $676bn.
- KRW: The won showed a very muted reaction to the monetary policy decision from the BoK. South Korea's central bank raised the benchmark interest rate by 25bp to 1.25%, with one dissenter voting to keep it unchanged. The Bank noted that they expect CPI to be above mid-2% this year, while Gov Lee suggested that the policy rate would not be at a contractionary level even if it reaches 1.50%.
- IDR: The rupiah was among the worst performers in the Asia-Pacific, as regional players digested hawkish Fedspeak.
- MYR: Spot USD/MYR snapped its five-day losing streak and crept higher after a failure to penetrate its 200-DMA on Thursday.
- PHP: The peso held a fairly tight range, even as the Philippines reported its highest daily Covid-19 case count on Thursday since the outbreak of the pandemic.
- THB: The baht traded on a marginally firmer footing, cementing its position as the best performer in the Asia EM basket this week.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.