Free Trial

We are heading towards the end of a...........>

FOREX
FOREX: We are heading towards the end of a particularly quiet Asia session, with
activity limited by public holidays in China, Japan and South Korea. The
Antipodeans looked past local data releases and firmed up a tad, ahead of a
monetary policy decision from the RBA. USD retained a softer tone as U.S. equity
index futures inched higher, taking their cue from a late doors recovery in cash
equivalents. Continued strengthening of oil prices pushed NOK higher.
- USD/Asia crosses generally traded on a softer footing amid firmer risk
sentiment. USD/CNH slid through yesterday's worst levels and consolidated within
the CNH7.1150-7.1200 corridor.
- U.S. and Canadian trade data, as well as services/composite PMIs out of the
U.S. and UK are due today. Elsewhere, German Constitutional Court will announce
its ruling on the ECB's QE programme. Fed's Evans, Bostic & Bullard will speak.

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.