-
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
-
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 Global Macro Weekly -
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 AccessUSD/Asia Pairs Mostly Higher, MYR & THB Unwind Some Recent Outperformance
Most USD/Asia pairs are showing an upside bias in the first part of Tuesday trade. MYR and THB have faltered the most, which unwinds some of the recent outperformance for both currencies. MYR is down nearly 1%. Losses elsewhere are more modest, while the likes of IDR are relatively steady, with the regional equity bounce aiding broader risk appetite.
- USD/CNH has been relatively steady, finding selling interest above 7.1500. We last tracked near 7.1400, little change for the session. This is outperforming the softer yen trend, which is down around 0.80% against this USD at this stage. Local equities are off modestly, maintaining a low beta with respect to broader regional moves.
- Spot USD/KRW has firmed, pushing back towards intra-session highs from Monday, the pair last near 1373.5, around 0.30% weaker in won terms. Onshore equities have rebounded over 4%, but the won is taking greater cues from yen and CNH trends at this stage.
- USD/MYR is back to 4.4650, up from oversold conditions sub 4.4000 yesterday. This is around 0.90% weaker in MYR terms. Still we sit comfortably off mid July highs near 4.6900.
- USD/THB is also higher, by around 0.50%, last near 35.40. Monday lows in the pair were at 35.06. The nearest EMA resistance point is back near 35.94, the 20-day. We did have consumer confidence data earlier for July. The headline eased to 57.7 from 58.9 prior. Economic confidence fell to 51.3 from 52.6. Both measures are well above 2021/22 lows but the roll over in confidence since the start of the year is not a domestic demand positive. Politics was cited as a factor. The government will be hoping the digital wallet roll out turns sentiment/spending higher.
- USD/IDR has been relatively steady (last near 16180), not showing the same upside bias as other USD/Asia pairs. It has been a laggard in SEA compared to the likes of MYR and THB, so positioning may be less of a factor. The regional equity bounce today may also be providing a positive risk appetite offset. Indonesia 5yr CDS has edged down off recent highs today (last 80bps).
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.