Free Trial

Risk rally inspired by a STAT report citing...>

FOREX
FOREX: Risk rally inspired by a STAT report citing improvement in the condition
of Covid-19 patients treated with Gilead's experimental drug has set the tone of
early Asia-Pac trade. The yen is in retreat, closely trailed by the greenback.
Commodity-tied FX trade on a stronger footing, with AUD taking the lead and
hitting new highs as we type.
- The likes of MXN & ZAR have benefitted from the risk-on mood. In Mexico, the
central bank suggested that it will not pay out the surplus from its FX reserves
early, as requested by President Andreas Manuel Lopez Obrador.
- China's Q1 GDP & monthly economic activity indicators provide the highlight of
today's Asia-Pac session. Also of note are Japan's final industrial output and
South Korea's unemployment.

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.