MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Moderately Pressured In Asia

FOREX

The greenback is moderately pressured in Asia today, BBDXY is down ~0.2% last printing at 1214 a touch above year to date lows (1210.29)

  • Kiwi is firmer, NZD/USD has consolidated Thursday's gains and sits a touch above the $0.63 handle. There was little reaction to the fall in March BusinessNZ Manufacturing PMI. The measure fell to 48.1 with February's print revised lower to 51.7.
  • Yen is also firmer, USD/JPY is ~0.2% softer. The pair last prints at ¥132.35/45. Technically yesterday's price action added to the evidence that the latest recovery was corrective in nature. Bears now target a break of low from Apr 10 (¥131.83) which open ¥130.64 the low from Apr 5 and key support.
  • AUD/USD is little changed from yesterday's closing levels. The pair has observed a narrow range with little follow through. Resistance was seen ahead of yesterday's high.
  • Elsewhere in G-10 EUR/USD is through yesterday's high printing its highest level of 2023. Resistance was seen at $1.1076 the high from Apr 1 2022.
  • Cross asset wise; regional equities firmer benefitting from the strong lead from Wall St. US Treasury Yields are little changed across the curve.
  • In Europe today we have the final print of French CPI and ECB speak from Lagarde and Panetta. Further out we have US Retail Sales, Business Inventories, Industrial Production and UofMich Consumer Sentiment.
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.