MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

Quieter Markets Allow for EUR Consolidation

FOREX
  • The greenback trades in minor positive territory, with the USD Index briefly inching above the Friday highs to make further progress through last week's losses. This keeps the index pinned between the 100- and 50-dmas of 95.241 and 96.019 respectively.
  • Newsflow and macro catalysts have been few and far between Tuesday, with US equity futures trading wholly inside the Monday range so far. The pause in stock market volatility is allowing markets to consolidate, prompting some weakness across the single currency and putting the EUR at the bottom of the pile across G10.
  • Elsewhere, GBP trades more favourably, helping GBP/USD trade either side of the 1.3550 level. The 100-dma remains a near-term solid support, undercutting at 1.3509.
  • US and Canadian trade balance data takes focus, alongside annual CPI revisions data ahead of the more in-focus inflation release on Thursday. The central bank speaker slate is lighter, with just ECB's Villeroy on the docket.
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.