MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

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 continued to claw back with funds........>

FOREX
FOREX: Risk continued to claw back with funds reversing out of safe havens Fri
at moderate pace. Calming noises heard from officials on the progress of
US-China trade negotiations but full on risk appetite seen needing US Trump's
stamp of approval. Market seen wary of a potential presidential flip. 
- USD/JPY extended its recovery to Y108.86(Nov14 high), off Thursday lows of
Y108.24, while EUR/CHF extended its recovery off yesterday's low of Chf1.0863 to
Chf1.0946. Apart from the move out of safe havens the USD was seen soft Fri
despite better than forecast US Retail Sales, other data was seen mildly
disappointing. US equities were firm which also added to a better risk on feel. 
- Sterling gained another electoral boost as 43 Brexit Party candidates agreed
to stand down, though seats were seen as non-marginal, and 31 of these in
Scotland where Leave-supporting parties were always likely to struggle. Cable
managed to make a show to $1.2919 on the election news. EUR/GBP, though
retaining a heavy feel, remained off recent lows. EUR/USD edged to $1.1055, this
level holding the strikes of E1.31bln of expiring options Monday, of which
E1.05bln are EUR puts.
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.