Free Trial

The weaker dollar theme amid softer US........>

FOREX
FOREX: The weaker dollar theme amid softer US inflation data and a Fed hike,
that was deemed on the dovish side, mostly carried over to the Asia-Pacific
session, but with the odd exception. Shortly after the opening of Tokyo markets,
dollar-yen climbed higher from Y112.53 to Y112.79, Japanese names were the
reported buyers, with some speculation that domestic life companies were selling
yen against both euro and dollar. Euro-dollar edged over yesterday's top to post
a fresh high of $1.1844 before fading modestly. Aussie-dollar outperformed, very
strong local jobs data saw the pair vault higher from $0.7630 to $0.7675. Cable,
despite PM May losing a key Brexit vote in parliament late Wednesday, after a
group of her own MPs rebelled against the party line, the pound pushed up from
$1.3398 to $1.3449. ECB, BoE and SNB meetings provide the main focus for the
session ahead.

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.