Free Trial

The early part of today's Asia-Pacific........>

FOREX
FOREX: The early part of today's Asia-Pacific session brought the announcement
of the Commons' vote on the "Cooper bill," forcing the UK gov't to avoid a
no-deal Brexit. The bill passed by a single vote and will now go to the House of
Lords. Given a thumbs up from the Lords, should PM May fail to garner support
for her Brexit deal by Apr 12, she will have to ask the EU for a long extension
to Art. 50. Sterling ticked higher on the news.
- NZD has marginally outperformed in the G10 FX space, as optimism re: Sino-U.S.
trade talks has carried over into the Asia-Pac session, to a degree.
- Fed's Kashkari offered little new in a speech made in the NY/Asia crossover.
He said that he doesn't believe that the U.S. economy is overheating, pointing
to a need for patience.
- G10 pairs have generally stuck to fairly tight ranges.
- Focus today turns to German factory orders, Brexit matters in the UK, and
minutes from the ECB's March MonPol meeting. Fed's Mester and Harker are set to
deliver speeches.

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.