MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

Safe Havens Outperforming Commodity Bloc

FOREX

After a quiet start, the USD is weaker against the other majors, but higher against commodity FX, as oil weakens on the Saudi supply headlines. Moves are modest overall though.

  • EUR/USD is up to 1.0660, while USD/JPY is back down through 130.00. Cash US Tsy yields are off a touch. Brent crude is back sub $114/bbl.
  • NOK is around 0.15% weaker from NY closing levels, with USD/NOK back close to 9.5000, after spiking close to 9.5400 earlier. USD/CAD is a touch higher to 1.2670.
  • AUD is marginally weaker to 0.7170, while NZD is outperforming a touch, holding steady at 0.6485. Earlier NZ terms of trade came in weaker than expected for Q1 (+0.5% versus +1.3% forecast).
  • Equity sentiment is trading on the backfoot throughout the region. US equity futures are pushing higher though, just back into positive territory.
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.