Free Trial

The first half of today's Asia-Pacific........>

FOREX
FOREX: The first half of today's Asia-Pacific session saw warm rhetoric around
Sino-U.S. trade relations boost risk appetite, which has allowed the Antipodeans
to remain buoyant. U.S. President Trump pointed to a summit with Chinese
President Xi, as he reported "substantial progress" in trade talks with Beijing
and announced an extension of the Chinese tariff deadline. Meanwhile, China also
indicated progress on a number of issues. While AUD has drawn more support on
the back of trade-related headlines, NZD has also been propped up by a stronger
than exp. domestic retail sales print.
- CNH has also been strong, with USD/CNH ~230 pips lower at writing.
- JPY has underperformed, weighed on by the aforementioned risk-on theme. Yen
weakness has allowed the Nikkei 225 to gain ~0.6% thus far.
- Focus on this data-light Monday turns to remarks from Fed Vice Chair Clarida
and Riksbank's Ingves, while BoE Gov Carney is set to speak alongside FCA's
Bailey.

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.