MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Sterling softer as Labour narrow the gap......>

FOREX
FOREX: Sterling softer as Labour narrow the gap
-After an ICM poll late yesterday showed the Conservative party's lead over
Labour contracting to 7 points, further polling from Kantar this morning
repeated the pattern, raising concerns among markets of the rising likelihood of
a hung parliament. In response, GBP drifted lower against all others in G10 and
remains weak ahead of the NY crossover.
-After initially reacting positively to Chinese reports overnight that the US
and China had reached a 'broad consensus' over trade issues, equities and bond
markets have drifted since, with US futures indicating a lower open.
-AUD bumped higher following a speech from RBA governor Lowe, who appeared to
rule out any unconventional MonPol (i.e. QE) unless rates slipped to 0.25% in
Australia - which seems unlikely. AUD/USD edged up to $0.6795, but was unable to
top the $0.68 handle or trouble the 50-dma.
-US trade balance, new home sales and consumer confidence data are the data
highlights for the rest of the Tuesday session. Speeches are scheduled from
Fed's Brainard later today, speaking on the Fed's policy framework review.
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.