MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

U.S. Election Interference Risk Keeps Asia On Cautious Side

FOREX

Mild risk aversion took hold as top U.S. intelligence officials told reporters that Iran and Russia have been trying to disrupt the upcoming U.S. presidential election. Price action was relatively limited, with little more to give it some further impetus. The greenback outperformed all of its G10 peers. Commodity-linked FX were the laggards, although NZD managed to shake off earlier weakness.

  • Demand for USD pushed USD/CNH higher. A softer than expected PBoC fix failed to immediately extend the upswing, but the rate picked up a bid later on amid continued USD purchases.
  • USD/KRW moved away from multi-month lows as South Korean FinMin Hong told lawmakers that one-sided FX moves are not good for domestic economy and pledged readiness to stabilise FX markets if needed.
  • U.S. initial jobless claims, existing home sales, EZ consumer confidence and speeches from Fed's Barkin & Kaplan, ECB's Panetta, BoE's Bailey & Haldane and Norges Bank's Olsen take focus from here.
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.