Free Trial

USD Bounces Early On

FOREX

The greenback has risen slightly in early Asia on Thursday, reversing some of the previous day's decline.

  • AUD is under pressure mostly led a small bounce in USD, data earlier in the session showed March Consumer Inflation Expectations rose to 4.1% from 3.7%. AUD/USD last down 10 pips at 0.7727.
  • NZD has also lost a handful of pips, REINZ House Sales Index soared 14.6% Y/Y last month, as the largest number of sold properties reached a 14-year high, with House Price Index rallying 21.5% Y/Y. NZD/USD last down 4 pips at 0.7192.
  • JPY is softer, data earlier showed PPI fell 0.7% Y/Y in February, January was revised slightly higher to -1.5%. USD/JPY last up 12 pips at 108.49.
  • The PBOC fixed USD/CNY at 6.4970, 18 pips below sell side estimates, the second day the PBOC has set a stronger than expected mid-point. USD/CNH last up 72 pips at 6.5017, near session highs but still near the bottom of yesterday's range.

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.