MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

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

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Risk Aversion Materialises

FOREX

Lingering geopolitical tensions inspired a degree of risk aversion overnight, amid the absence of headlines that would affect broader sentiment. JPY led gains in the G10 basket, while AUD brought up the rear, with a BBG trader source flagging AUD/JPY sales by Japanese exporters and AUD/USD selling by funds.

  • The greenback fared well, outperforming most of its G10 peers, but the DXY failed to take out the prior trading day's peak. Fed Chair Powell said that the economy is at an "inflection point" and is "about to start growing much more quickly," but warned against the principal risk of a renewed spread of Covid-19.
  • The PBoC set its central USD/CNY mid-point at CNY6.5578, virtually matching sell-side estimates. USD/CNH hovered above neutral levels ahead of this week's Chinese data deluge.
  • Today's economic docket is rather uninspiring, with EZ retail sales and comments from ECB's Panetta & de Cos, Fed's Rosengren, BoE's Tenreyro & Riksbank's Ohlsson providing the main highlights.
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.