MNI BRIEF: China Pushes Back Against Japan's Semiconductor Threat

MNI: China CFETS Yuan Index Down 0.33% In Week of Apr 26

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1066 Mon; -4.49% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1066 MON VS 7.1056

Gas Drives April Headline Inflation Higher As Expected, But Core Dips

MNI: SPAIN APR FLASH HICP +0.6% M/M, +3.4% Y/Y

GDP indicator only marginally disappoints Riksbank forecasts

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

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

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

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

USD On The Back Foot, Yen Leading

FOREX

The USD remains on the back foot in the first part of the Asia session, a continuation of the theme from the second half of the NY session. The BBDXY is back to a 1267 handle, note the simple 200-day MA for this index comes in at 1266.38.

  • Yen is playing catch up, after being a laggard through Wednesday's session. USD/JPY is down around 0.50% at this stage, falling through lows from earlier in the week. The pair was last around 137.35/40 (session lows are at 137.27). Japan Q3 capital spending and company profits data just printed, which generally came in stronger than expected.
  • NZD/USD is next best performer at +0.30%, putting the pair back to 0.6315. AUD/USD is firmer but not yet above the 0.6800 handle. Only CAD is unchanged at this stage in the G10 space.
  • Still to come is Q3 Australian Capex data, along with the Caixin China manufacturing PMI.
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.