CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

USD Pushes Higher, AUD and NZD Underperforming

FOREX

The USD has firmed in recent dealings, which appears to have coincided with US Tsys erasing earlier gains. All parts of the US yield curve have now ticked higher from a yield stand point. The BBDXY is up to 1277.80, up a little under 0.15%. We are just below Oct 19 highs.

  • AUD/USD is the weakest performer, making fresh lows under 0.6280, off 0.50%. Local yields have mostly unwound an earlier dip after comments from RBA Governor Bullock. Still, equity sentiment remains weak within the region, US futures are also close to session lows.
  • NZD/USD is back near 0.5780, the second worst performer. EUR/USD is sub 1.0560. Yen is outperforming, USD/JPY last near 150.20, little changed for the session.
  • In EM Asia, USD/CNH is ticking higher, but only modestly, last near 7.3320. 1 month USD/KRW has climbed further to 1354, amid a weaker local equity backdrop.
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.