The early risk-positive flows have reversed, with core bonds off of lows, JPY back from worst levels and e-minis around neutral levels. USD/CNH now prints around CNH6.7250 (after failing to break below CNH6.7000 early on) with Chinese equities on the backfoot after Premier Li’s warnings surrounding the Chinese economy. The PBoC has outlined its mechanism to support lending to SMEs, but wider macro headline flow remains fairly limited. Note that the BoK’s post-decision statement pointed to greater focus re: inflation, which is no surprise given Governor Rhee’s recent comments re: the potential for larger rate hikes later in ’22 & warnings on inflation, although USD/KRW is trading as a wider function of risk appetite.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.
Our credibilityfor delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
We are facing technical issues, please contact our team.
Your request was sent sucessfully! Our team will contact you soon.