MNI BRIEF: Caixin Apr Manufacturing PMI Hits Over One-year High

MNI BRIEF: China April Mfg. PMI Moderates To 50.4

MNI BRIEF: Aussie Retail Sales Fall 0.4% M/M In March

MNI: PBOC Net Injects CNY438 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1063 Tues; -4.47% Y/Y

CHINA PBOC INJECTS CNY440 BILLION VIA 7-DAY REVERSE REPOS TUES

Japan Mar Ind. Output +3.8% M/M; Shipments +4.3% M/M

CHINA APR CAIXIN MANUFACTURING PMI 51.4 VS 51.1 IN MAR

CHINA APR MANUFACTURING PMI 50.4 VS 50.8 IN MAR

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Risk Appetite Recovers, Holidays Limit Activity

FOREX

Participants abandoned safe havens in holiday-thinned Asia-Pac trade as e-minis inched higher, suggesting that Friday's Wall Street rout may have run its course. The yen led losses in G10 FX space, with USD/JPY extending its rally to a three-week high.

  • Antipodean currencies outperformed, with NZD taking the lead, drawing support from positive risk sentiment & firmer iron ore prices. NOK also traded on a firmer footing, even as crude oil futures gave away their initial upticks.
  • USD/CNH caught a light bid, extending its move away from recent two-month lows. There was no PBOC fix, with the next one coming up when onshore Chinese markets re-open on Thurday.
  • Market closures in China, Japan, UK & Australia's Queensland/Northern Territory limit liquidity today. Global economic docket features a suite of M'fing PMI readings & comments from Fed Chair Powell.
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.