MESTER: WILL NORMALIZE INTEREST RATES 'AT SOME POINT'

MESTER: MY OWN FORECAST EXPECTS INFLATION TO COME DOWN

MESTER: NEED TO SEE MORE DATA TO BE ASSURED INFLATION ON TRACK

MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

US Treasury Auction Calendar

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

US Dollar Regains Poise As Equities Drift Lower

FOREX
  • The Greenback spent the latter half of Thursday reversing the prior day's losses. Dollar indices are roughly 0.3% above yesterday's closing marks.
  • Significantly weak sessions for Aussie and Kiwi, retreating the best part of 1%, amid the decline in global equity indices and an extension lower in crude futures.
  • Similar declines seen in the Canadian dollar, adding to negative price action following yesterday's BOC statement. Following a recent resumption of the uptrend in USDCAD that started Jun 1, a bullish price sequence of higher highs and higher lows has been established. Additionally, moving average studies are in a bull mode. July 8th highs have been breached through 1.2590, with stronger resistance noted at 1.2653, Apr 21 high.
  • More contained price action in EURUSD, edging gradually back below the 1.18 handle and USDJPY appearing content around the 110 mark.
  • The move lower in oil put pressure on the Norwegian Krone. EURNOK continued its most recent upward trajectory, briefly reaching the highest levels seen since March 1st in the pair at 10.4359.
  • New Zealand inflation data due later this evening, before the Bank of Japan will release their monetary policy statement and hold a press conference.
  • Friday's docket will be headlined by final CPI readings from the Eurozone and then US Retail Sales.
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.