MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

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

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

FOREX: USD Index Weaker, EUR/USD Challenging 50-day EMA, SEK Up 0.50%

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

The USD has lost ground as the Thursday Asia Pac session has unfolded. The BBDXY index sits around 0.20% lower, last back under 1299. The EU bloc of currencies are outperforming at the margins, with hopes of an end or progress towards ending the Ukraine conflict a positive for sentiment. 

  • EU equities are firmer, the Euro Stoxx up a little over 1% at this stage. US yields have also ticked lower, led by the front end, with the 2yr off 2bps to 4.33%. This is likely weighing on broader USD sentiment.
  • Regional equity market sentiment is mostly positive except for China markets. US tech futures are up close to 0.50%. 
  • SEK is the best performing currency, albeit in lighter liquidity conditions. We are up 0.50%, leaving USD/SEK down with a 10.82 handle in latest dealings. This is back near lows from early Dec last year.
  • EUR/USD is above 1.0400 and not too far off the 50-day EMA resistance point we highlighted earlier (around 1.0425/30, the pair was last 1.0420/25). NOK is up 0.30%, last near 11.235.
  • AUD and NZD are ticking higher,  both up close to 0.20%, but lagging these broader EU related FX moves. AUD/USD still hasn't recaptured the 0.6300 handle though. 
203 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.

The USD has lost ground as the Thursday Asia Pac session has unfolded. The BBDXY index sits around 0.20% lower, last back under 1299. The EU bloc of currencies are outperforming at the margins, with hopes of an end or progress towards ending the Ukraine conflict a positive for sentiment. 

  • EU equities are firmer, the Euro Stoxx up a little over 1% at this stage. US yields have also ticked lower, led by the front end, with the 2yr off 2bps to 4.33%. This is likely weighing on broader USD sentiment.
  • Regional equity market sentiment is mostly positive except for China markets. US tech futures are up close to 0.50%. 
  • SEK is the best performing currency, albeit in lighter liquidity conditions. We are up 0.50%, leaving USD/SEK down with a 10.82 handle in latest dealings. This is back near lows from early Dec last year.
  • EUR/USD is above 1.0400 and not too far off the 50-day EMA resistance point we highlighted earlier (around 1.0425/30, the pair was last 1.0420/25). NOK is up 0.30%, last near 11.235.
  • AUD and NZD are ticking higher,  both up close to 0.20%, but lagging these broader EU related FX moves. AUD/USD still hasn't recaptured the 0.6300 handle though.