Free Trial
GERMAN DATA

Possible Delay to German State-by-State CPI

EQUITY TECHS

E-MINI S&P (H3): Bull Cycle Extends

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD Offered In The First Part Of The Session, But Little Follow Through

FOREX

The first part of the Asian session has seen further modest USD weakness, with the BBDXY off by a further 0.1% to the 1283.50 region. This follows a loss of just over 0.50% through Tuesday's session. The main headline flow has been in terms of ramped up PCR testing in China cities, which is aiming at curbing surging covid case numbers.

  • This hasn't impacted broader sentiment though, as cross asset signals are weighing on USD sentiment at the margin. Regional equities are in positive territory, while US equity futures are close to flat at this stage. The fixed income space is seeing a richening trend in U.S Tsy futures (with no cash trading as Japan is out today).
  • NZD/USD is around 0.6150, slightly down versus NY closing levels, with the focus on the RBNZ announcement, coming up shortly. 75bps is expected by the economic consensus.
  • AUD/USD is close to 0.6650, slightly down from earlier highs of 0.6660. Preliminary PMI prints for November showed softness, particularly in the services space, but this hasn't impacted sentiment a great deal.
  • USD/JPY dipped below 141.00 earlier, but is now back above this level. EUR/USD is around 1.030/15 while GBP/USD is near 1.1900, slightly firmer versus NY closing levels.
204 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The first part of the Asian session has seen further modest USD weakness, with the BBDXY off by a further 0.1% to the 1283.50 region. This follows a loss of just over 0.50% through Tuesday's session. The main headline flow has been in terms of ramped up PCR testing in China cities, which is aiming at curbing surging covid case numbers.

  • This hasn't impacted broader sentiment though, as cross asset signals are weighing on USD sentiment at the margin. Regional equities are in positive territory, while US equity futures are close to flat at this stage. The fixed income space is seeing a richening trend in U.S Tsy futures (with no cash trading as Japan is out today).
  • NZD/USD is around 0.6150, slightly down versus NY closing levels, with the focus on the RBNZ announcement, coming up shortly. 75bps is expected by the economic consensus.
  • AUD/USD is close to 0.6650, slightly down from earlier highs of 0.6660. Preliminary PMI prints for November showed softness, particularly in the services space, but this hasn't impacted sentiment a great deal.
  • USD/JPY dipped below 141.00 earlier, but is now back above this level. EUR/USD is around 1.030/15 while GBP/USD is near 1.1900, slightly firmer versus NY closing levels.