MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

US TSYS

Implied Vol Buoyed Post-NFP/ISM, Real Vol Delivered

US

President Biden To Conclude Infrastructure Tour In Philadelphia

US STOCKS

Late Equity Roundup: Early Support Evaporates Ahead Weekend

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
Trending Top 5
Market News Topics

Strong Gains (ex CNH)

ASIA FX
BulletEM BulletEmerging Markets NewsHomepage

USD/Asia pairs (ex USD/CNH) are seeing decent downside momentum, albeit to varying degrees. USD/KRW and USD/THB are the standouts. 1 month USD/KRW is now down to the low 1360 region, after breaking sub 1370. This is a 1% dip for the session, while USD/THB is just off session lows (last at 36.82, -1.30% on yesterday's closing levels). USD/TWD is back through 32.00, last 31.90, -0.50% for the session so far. Gains are evident elsewhere but generally more muted.

  • The firmer equity tone in the region continues to give a risk on feel to markets. Asian FX is outperforming the majors though, with the BBDXY index only down by -0.15% at this stage.
  • USD/CNH remains elevated as well, last close to 7.2500. The equity picture is more mixed and a fresh lock down in a major city, amid rising Covid cases, is likely weighing at the margin as well.
148 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of 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 credibility

for 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.

USD/Asia pairs (ex USD/CNH) are seeing decent downside momentum, albeit to varying degrees. USD/KRW and USD/THB are the standouts. 1 month USD/KRW is now down to the low 1360 region, after breaking sub 1370. This is a 1% dip for the session, while USD/THB is just off session lows (last at 36.82, -1.30% on yesterday's closing levels). USD/TWD is back through 32.00, last 31.90, -0.50% for the session so far. Gains are evident elsewhere but generally more muted.

  • The firmer equity tone in the region continues to give a risk on feel to markets. Asian FX is outperforming the majors though, with the BBDXY index only down by -0.15% at this stage.
  • USD/CNH remains elevated as well, last close to 7.2500. The equity picture is more mixed and a fresh lock down in a major city, amid rising Covid cases, is likely weighing at the margin as well.