MNI BRIEF: China February CPI Rises To 1-Year High

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

RPT-MNI INTERVIEW: BOC Has Case For No Cut This Year: McNeil

MNI China Daily Summary: Friday, March 8

MNI: PBOC Conducts CNY10 Bln Via OMO Fri; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0978 Fri; -3.17% Y/Y

CHINA FEB FOOD PRICES -0.9% Y/Y VS -5.9% Y/Y JAN

CHINA FEB CPI 0.7% Y/Y VS MEDIAN 0.3%; JAN -0.8% Y/Y: NBS

Bond Supply Calendar: ESM Syndication "Upcoming"; BoE APF Monday

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Softer, Equities Finding Some Support

CROSS ASSET

The USD has weakened, although there is no clear/obvious headline driver. Gains against the USD are broad based. AUD/USD has popped up to 0.6975, around 0.30% above NY closing levels. AUD/JPY is back above 95.00, slightly higher for the session. EUR/USD is above 1.0240, USD/JPY at 136.35, both 0.2% firmer against the USD. NOK is up 0.4%.

  • Equities have found a bit of base, aiding risk appetite. US futures are moving away from worst levels, now off -0.30/0.4%, from -0.50% earlier. Regional equities are tracking higher, for the Kospi and Australian shares, while Japan equities have shed losses.
  • US yields are down slightly, 1bps for the 2yr, 1.5bps for the 10yr in the cash space. Commodities are tracking higher in line with the USD moves, Brent crude close to $106/bbl. Gold is back above $1725, +0.35% for the session.
  • The CNY fix was slightly firmer than expected, with USD/CNH dipping sub 6.7500, but remaining above overnight lows under 6.7450.
USEM BulletHomepagemarkets-real-timeEmerging Markets NewsCommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
USEM BulletHomepagemarkets-real-timeEmerging Markets NewsCommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.