MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 Slightly Weaker, RBA Financial Stability Review On Tap Shortly

FOREX

G10 FX markets have got off to a muted start in Friday trade. The BBDXY is marginally below Thursday closing levels, last near 1241. In the cross asset space, US equity futures are higher, while US yields are softer in the first part of trade, albeit with losses not much beyond 1bps.

  • USD/JPY has drifted a touch lower, last near 151.50. Earlier highs were at 151.70. We had weaker than expected Feb national CPI data, albeit at the margins, but this hasn't had a lasting impact on sentiment. Note BoJ Governor Ueda will appear before parliament at 11am local time.
  • The US yield move may be helping yen sentiment at the margin, while upside resistance may be evident near recent highs just above 151.80.
  • AUD and NZD sit a touch higher. NZD/USD last close to 0.6045. We had Feb trade data earlier, which showed some improvement in the deficit position, but we are still coming from a low base over the past 12 months.
  • AUD/USD was last near 0.6570/75, coming up soon is the RBA Financial Stability Review.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.