Free Trial

Sense Of Caution Lingers As G10 FX Look For Fresh Catalysts

FOREX

A degree of risk aversion lingers across G10 FX space, after U.S. initial jobless claims rose more than expected in the first back-to-back increase since Jul. Commodity-tied currencies trade on the defensive, with JPY leading gains, albeit all stick to very tight ranges amid the absence of market-moving headlines or data releases in Asia. Activity is limited by a Thanksgiving holiday in the U.S.

  • Korean won has ignored the BoK's in-line decision to leave its main policy rate unchanged. It has firmed up a tad, even as South Korea declared 583 new Covid-19 infections over the last 24 hours, an eight-month high.
  • Focus turns to minutes from the ECB's Oct MonPol meeting, Riksbank's MonPol decision, Swedish Econ Tendency Survey, French consumer confidence and comments from ECB's Lane & Schnabel, Riksbank's Breman and BoC's Macklem & Wilkins.

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.