MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation 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

Waiting Mode

FOREX

High-beta currencies lost ground in Asia, with major FX pairs happy to hold tight ranges, as market participants shied away from taking too much risk ahead of the release of U.S. CPI data later today. Broader headline flow failed to provide notable catalysts ahead of that key data signal.

  • Cautious mood music undermined commodity-tied FX, even as crude oil prices were broadly steady. The AUD ignored an uptick in domestic consumer inflation expectations.
  • Modest initial yen strength dissipated, even as the spread between U.S. Tsy & JGB yields narrowed. Some might suspect that Gotobi Day flows played a role in sapping some strength from the yen.
  • USD/CNH slipped amid a pullback in the DXY. The PBOC set the USD/CNY reference rate at CNY6.3599, perfectly in line with the average estimate based on a Blomberg survey of market participants.
  • While U.S. CPI is set to steal the limelight, other notable data releases include U.S. weekly jobless claims & Norwegian CPI. The Riksbank will deliver its monetary policy decision, while comments are due from ECB's Villeroy, Lane & de Guindos as well as BoE's Bailey.
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.