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

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: Highlights of Canada Debt Strategy

CANADA BUDGETS CAD40.1B DEFICIT IN FISCAL 2023-24

Coming Up In The Asia-Pac Session On Wednesday

SARB Watch

EZ/UK Bond Supply Calendar: GR Synd Expected, PT Buyback Wed

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

(RPT)MNI INTERVIEW:Ex-FDIC Chair Downplays Bank Contagion Risk

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

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

FOREX
HomepageBulletMarketsFixed Income NewsForeign Exchange News

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).
206 words

To read the full story

Why Subscribe to

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.

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).