MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: BANK OF KOREA CUTS RATE TO 3.00%: PRESS

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

MNI: BAVARIA NOV CPI -0.2% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

-USD extended gains as the US markets.........>

FOREX
FOREX: -USD extended gains as the US markets returned following their Labor Day
long weekend, with markets keeping watch on EM performance. EUR/USD eventually
met decent support at $1.1530, forced lower by reaction to release of strong US
ISM Mfg data, before it recovered back above $1.1580 through the London fix.
USD/JPY saw highs of Y111.53 during the European morning, dropped back to
Y111.15 as EUR/JPY played catch up on EUR/USD slippage, but recovered back
around Y111.40/50 through the European close. AUD spiked to $0.7235 post RBA,
largely due to the lack of any fresh dovish hints to the statement. However, as
profit take sales and broad USD demand emerged rate was quick to reverse off to
$0.7157 before it settled around $0.7180 into the NY afternoon. Ex-MPC member
Posen comments and weaker than expected UK Construction PMI added to the
pressure on cable, the addition of general USD demand and reaction to strong US
ISM data saw rate touch a low of $1.2811. USD sales through the London fix
provided some respite, with reported EU lawmaker comment on a softer stance on
the Irish border, took cable above $1.2870. Australia GDP, Services and
Composite PMI data, BOC Rate decision and several Fed speakers also due up.
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.