MNI BRIEF: BOJ To Adjust Easy Policy Cautiously - Nakamura

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI:AUSTRALIA OCT TRADE BALANCE A$+5953

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

USD Down, As GBP Rebounds, RBA In Focus Later

FOREX

The USD is weaker across the board in the first part of trading today. The move is being led by GBP/USD, which is now +0.50% above NY closing levels to 1.1565/70 last (highs were 1.1584). Energy support plans outlined by new UK PM Truss is driving sentiment (see this link for more details).

  • Other gains are more modest against the USD, EUR/USD +0.30% to 0.9955/60, while AUD and NZD are both up close to 0.25% so far (AUD/USD 0.6815, NZD/USD 0.6110).
  • JPY is modestly lagging, only firmer to the tune of 0.20% (last at 140.30/35).
  • In Asia, USD/CNH is down through 6.9400, USD/KRW back close to 1366.
  • The CNY fixing, due in about an hour will be a focus point following the FX reserve cut announced late yesterday, while after that is Q2 GDP partials for AU (net export contribution to GDP and BoP).
  • This is likely to be overshadowed though by the RBA announcement later this afternoon.
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.