MNI: SPAIN NOV MANUF PMI 53.1 (FCST 54.0); OCT 54.5

MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Sentiment Turns Sour Amid Tech-Led Equity Rout

FOREX

Risk-off flows have crept into G10 FX space on the back of a tech-led retreat in U.S. equity index futures. NASDAQ 100 e-minis have faltered in response to dim earnings reports from Meta and Spotify. These dynamics spilled over into FX price action, generating demand for safe havens.

  • The yen leads gains among major currencies, with USD/JPY posting losses for the fifth day in a row, although yesterday's low remains intact. The U.S. dollar only marginally lags the yen, with the DXY operating in positive territory.
  • Riskier currencies have faced some headwinds, with AUD landing at the bottom of the G10 pile. Its Antipodean cousin NZD has clawed back some losses, which has allowed AUD/NZD to pull back from a fresh seven-month high.
  • Monetary policy decisions from the ECB & BoE headline today's economic docket, with a slew of global Services PMI readings as well as U.S. weekly jobless claims, factory orders & final durable goods orders also due.
  • In addition to usual press conferences with ECB Pres Lagarde & BoE Gov Bailey, it may be worth following parliamentary testimonies from Fed nominees Raskin, Cook & Jefferson.
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.