MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI UK Inflation and Labour Market Insight: April 2024 Release

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

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

USD Edges Higher For Third Consecutive Session Following NFP

FOREX
  • Despite the sharp moves seen in equity indices and oil prices, currencies traded in a less volatile manner on Friday after the greenback was given a firm boost following the release of September jobs data for the US.
  • The USD Index (+0.28%) looks set to post a positive week after rising for a third successive session amid surging US yields on the back of the employment report.
  • With risk sentiment under significant pressure, GBP (-0.62%) and NZD (0.80%) were the weakest performers, however, losses/ranges were more contained compared to prior sessions this week.
  • EURUSD has faded further off the bear channel top throughout Friday trade, erasing the entirety of the mid-week rally and briefly trading below the Sep 30 low of 0.9735.
  • A significant 4% extension of the rally in crude futures underpinned CAD and NOK outperformance as general bullish sentiment after the OPEC+ cut this week was reinforced.
  • Worth noting that Japanese markets will be closed on Monday owing to observance of the Health Sports Day national holiday. Additionally, US Columbus Day and Canada Thanksgiving Holiday may see a relatively quiet start to next week.
  • Wednesday will see the release of the FOMC minutes before Thursday’s important release of US CPI for September.
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.