MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Rate remains under pressure as has been the...>

CABLE
CABLE: Rate remains under pressure as has been the case since this morning's
deluge of source comments in which wires cited the seemingly explosive call
between PM Johnson and German Chancellor Merkel, in which both sides effectively
ruled out the possibility of a deal this October on current terms.
-Interestingly, there's been no meaningful pick in downside protection demand in
GBP/USD via options, with today's put/call ratio actually edging slightly in
favour of call notional. This is thanks in part to a large 1.25/1.27 Gbp200mln
call spread that crossed in early US hours and due to roll-off on 1st November -
the day after the current Brexit deadline of Oct31. The trade would break even
on a move above approximately $1.2565.
-At the 10am NY cut on November 1st, the expiry schedule is getting considerably
busier, with large expiries building at $1.27 (Gbp1.2bln), $1.29 (Gbp1.6bln) and
$1.3150 (Gbp1.6bln) - all of which are call option expiries.
MarketsForeign Exchange Bullets
MarketsForeign Exchange Bullets

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.