Free Trial

Very little to note for the majors in terms...>

FOREX
FOREX: Very little to note for the majors in terms of news flow, with NZD the
marginal outperformer, while CHF underperforms. The THB has provided the main
point of interest in early Asia-Pac trade. USD/THB has reclaimed 30.00, with the
BoT comments, made Tuesday in focus, as it urged the public not to panic re:
recent THB strength, which was magnified by lower liquidity conditions, in its
view. While the worry/concern is not new, analysts have suggested that the break
below the psychological 30.00 level/comments may point to some intervention from
the BoT, and could trigger an unscheduled MonPol meeting/fresh measures to curb
THB strength, with the next BoT meeting not scheduled until Feb 5. Back on Dec
18 the BoT noted that it is evaluating the effect of recent measures implemented
to fight THB strength, and will assess whether it needs to do more on this
front.
- Elsewhere, Markit noted that "ASEAN manufacturing conditions continued to
deteriorate in December, albeit at the softest rate in the current seven-month
sequence of decline," per their latest regional PMIs. USD/CNY was fixed a little
stronger than expected i.e. fix 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.