FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

USD Little Changed In Muted Asian Session

FOREX

The Greenback is little changed in Wednesday's Asian session, ranges have been narrow with little follow through on moves. BBDXY sits at 1224.54, a 0.2% range has been observed in the index.

  • AUD is marginally outperforming today, it is the strongest performer in the G-10 space at the margins. AUD/USD prints at $0.6730/35, ~0.1% firmer however we have been unable as of yet to sustain a break of the 50-Day EMA and sit a touch below the measure.
  • NZD/USD is a touch softer, however ranges have been narrow, with resistance seen ahead of $0.6220 and support below $0.62.
  • Yen is softer, USD/JPY prints at ¥134.25/35 ~0.2% firmer today. Resistance is seen at ¥134.75, a Fibonacci retracement point, and support at ¥132.96 the 20-Day EMA.
  • Elsewhere in G-10 GBP and EUR are little changed. USD/NOK is ~0.3% higher however note Asia Pac liquidity is likely to be fairly poor for this pair.
  • Cross asset wise; e-minis are ~0.2% lower and the Hang Seng is down ~0.5%. US Treasury Yields are little changed across the curve.
  • In Europe we have UK CPI and the final print of Eurozone inflation. Further out the Fed Beige Book will cross.
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.