-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessUSD Softer, CPI Prints In Focus Tomorrow
Asian FX has gained a positive footing through the early parts of the afternoon session. Liquidity is a little lighter today, with China remaining out, but also joined by Hong Kong today. Still, the positive tone to equities in the region is clearly spilling over to FX to some degree. Regional currencies have outperformed broader USD moves against the majors as well. South Korean, Philippines and Thailand CPI prints are in focus tomorrow.
- USD/CNH is sub 7.0900, through overnight lows, last tracking around 7.0750. We are close to lows from late last week.
- USD/KRW couldn't gain much downside traction early, but is back below 1430 this afternoon (last 1428). We topped out above 1436 on North Korean tensions and a weaker PMI print for September, but firmer equities have helped as the session progressed.
- USD/INR is around 0.55% lower since the onshore open. The pair last traded 81.40/45. Reported intervention flows overnight may suggest some reluctance to see a sharp breakthrough of the 82.00 level. Onshore equities are also up over 2%.
- USD/IDR is lower, -35figs to 15268 last. This is in line with the broader trend seen in the region. We were above 15300 in early trade. Indonesia's headline inflation fell virtually in line with expectations in September, but still printed a seven-year high. Still, Bank Indonesia is focusing on core prices, which grew +3.21% Y/Y and missed the +3.50% median estimate.
- The baht is an outperformer within the region. We are +1% up for the session, partly due to catch up from overnight moves in the USD. We last changed hands at 37.715. Thailand's monthly CPI data will cross the wires tomorrow, with headline inflation expected to have eased to +6.58% Y/Y in September from +7.86% prior. Still, core CPI may have quickened to +3.20% Y/Y from +3.15%, according to a Bloomberg survey of analysts.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.