CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Tight Ranges To Start, AU Retail Sales Coming Up, Then China PMIs

FOREX

Overall FX ranges have been tight in the first part of trade. The BBDXY sits just under 1225, little change from NY closing levels. US cash Tsy yields are a touch higher in the first part of trade, led by the front end (2yr +1.4bps to 4.248%). US equity futures are in positive territory, +0.20% for the S&P and Nasdaq at this stage. Regional equities are mixed.

  • USD/JPY is down from early session highs, the pair getting to 130.53, but we now sit back at 130.40/45. Japan data was mixed the unemployment rate steady at 2.5%, along with the job-to-applicant ratio at 1.35. It remains to be seen if this is enough to generate meaningful upside in Japan wages from a broader labor market perspective. IP and retail sales were better than expected.
  • AUD/USD is close to unchanged at 0.7055/60 currently. Early lows near 0.7050 were supported. NZD/USD is a touch firmer, last near 0.6470/75.
  • Coming up shortly is AU Dec retail sales, the market expects -0.2% m/m, versus +1.4% prior. Then a little later is the official China PMI prints for Dec. The market expects a decent recovery in both the manufacturing and services PMIs (manufacturing to 50.1 from 47.0, services to 52.0 from 41.6).
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.