-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessMNI China Daily Summary: Monday, Aug 26
MNI: China CFETS Yuan Index Down 0.50% In Week of Aug 23
US Dollar Substantially Lower, Technicals Deteriorate
- Broadly in line US CPI data was not enough to support a struggling US dollar. Shortly after the release, the greenback significantly weakened with the Dollar index (DXY) reaching near two-month lows as we approach the NY close.
- The weakness has solidified the break below its 50-day moving average that had been underpinning price action of the index since October. Furthermore, and adding weight to the technical deterioration, the Bloomberg dollar index has recently breached its 100-day MA, an indicator that had not been intersected since June 2021.
- The softer greenback resulted in very strong one percent gains for the likes of CHF, AUD and NZD.
- Close on their heels was EURUSD which has broken some notable levelsat 1.1383/86, Nov 30 and Dec 31 highs. Clearance has prompted a stronger short-term recovery to the initial touted target of 1.1437, the top of a bear channel drawn from the Jun 1 high. The next notable resistance point resides at 1.1514, low Nov 5.
- CAD also picked up steam, following on from a stellar session on Tuesday. Oil prices continue to support the Canadian dollar recovery as well as multiple firms now forecasting rate lift-off as soon as the January meeting. USDCAD is close to support seen at 1.2493 (Nov 16 low) after which it would open 1.2448 (76.4% retracement of the Oct-Dec rally). Firm short-term resistance is 1.2726 (20-day EMA).
- The dollar weakness also exacerbated some recent strength in EMFX, with the South African Rand rallying 1.5% and TRY seen back in the limelight, advancing 4.5% throughout US trading.
- US PPI headlines Thursday’s data docket before potential comments from Fed’s Brainard - due to testify on the nomination of Vice Chair of the Federal Reserve Board of Governors before the Senate Banking Committee.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.