NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: US ISM APR SERVICES COMPOSITE INDEX 49.4

MNI: US APR FINAL SERVICES PMI 51.3 (FLASH 50.9); MAR 51.7

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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 Struggles For Any Upside, A$ Eyeing 0.7100 Handle

FOREX

The USD is not getting much traction from the negative equity futures lead (-0.45%/-0.75%), led by the Nasdaq. The BBDXY was last around 1224, slightly below NY closing levels. Most currencies are being supported on dips against the USD.

  • AUD/USD remains the best performer, with a full hike basically priced for the Feb meeting, post the earlier CPI beat. The currency currently sits at 0.7080/85, just off session highs above 0.7090.
  • AUD/NZD also continues to trend higher, last at 1.0935 (nearly +1% for the session), the pair eyeing mid Jan highs just above 1.0950. NZD/USD is off lows, last around 0.6475/80.
  • EUR and JPY are largely track recent ranges. EUR/USD last at 1.0890, USD/JPY 130.20/25 against earlier highs of 130.46. US cash Tsy yields are mixed.
  • The data calendar is light for the remainder of the Asia Pac session.
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.