MNI China Press Digest February 24: RRR, Rail Passengers, CPI

MNI: PBOC Net Injects CNY102 Bln via OMO Monday

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

MNI: PBOC Sets Yuan Parity Higher At 7.1717 Mon; -0.78% Y/Y

MNI: China CFETS Yuan Index Down 0.43% In Week of Feb 21

MNI INTERVIEW2 -Banxico Optimistic On Non-Core Inflation-Heath

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 488; GAS RIGS 99

BAKER HUGHES CANADA RIG COUNT 244; OIL RIGS 174; GAS RIGS 70

MNI: US NAR: JAN EXISTING HOME SALES 4.08M SAAR

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX: USD Index Extend Losses As EUR/USD Trades Above 1.0500

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

USD losses have continued in the first part of Monday trade. The BBDXY index is now off around 0.25%, last near 1283. EUR and EU related currencies are outperforming. 

  • EUR/USD was last testing back above 1.0500. Recent highs were at 1.0514, while Jan highs printed at 1.0533 (which is seen as a reversal trigger). German equity and bond futures have opened after the weekend election results, which were largely as expected. DAX futures were lower in early dealings but have now recovered and back in positive territory.
  • NOK is up 0.50%, with SEK just trailing. USD/NOK was last near 11.09. USD/SEK was near 10.6050
  • JPY and CHF were laggards in the first part of trade but have caught up some ground. USD/JPY has hit lows of 148.85, just under Friday lows of 148.93. We have stabilized somewhat though. USD/CNH was last under 0.8970.
  • AUD and NZD are holding gains, but aren't outperforming the EU bloc moves, with both currencies up a more modest 0.20% (similar to JPY and CHF gains). 
169 words

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.

USD losses have continued in the first part of Monday trade. The BBDXY index is now off around 0.25%, last near 1283. EUR and EU related currencies are outperforming. 

  • EUR/USD was last testing back above 1.0500. Recent highs were at 1.0514, while Jan highs printed at 1.0533 (which is seen as a reversal trigger). German equity and bond futures have opened after the weekend election results, which were largely as expected. DAX futures were lower in early dealings but have now recovered and back in positive territory.
  • NOK is up 0.50%, with SEK just trailing. USD/NOK was last near 11.09. USD/SEK was near 10.6050
  • JPY and CHF were laggards in the first part of trade but have caught up some ground. USD/JPY has hit lows of 148.85, just under Friday lows of 148.93. We have stabilized somewhat though. USD/CNH was last under 0.8970.
  • AUD and NZD are holding gains, but aren't outperforming the EU bloc moves, with both currencies up a more modest 0.20% (similar to JPY and CHF gains).