MNI: FED BALANCE SHEET TOTAL ASSETS +$2.6B TO $7.224T IN WEEK

MNI BRIEF: Fed's Musalem: Interest Rates Likely To Be 3.5%-4% Over Long Run

MNI BRIEF: US Sees $1.3T Budget Deficit Through Nine Months

FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

MNI China Daily Summary: Thursday, July 11

MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: US JUN TREASURY BUDGET -66B

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE +65 BCF TO 3,199 BCF JUL 05 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Weaker Against a Stronger USD

SCANDIS

Scandis start the day weaker (albeit off weakest levels at typing) as the USD and core FI yields rise during early European trade. NOK/SEK sits flat absent any domestic drivers, with a firming USD backdrop possibly a result of the Australian CPI surprise as well as Country Garden's USD bond default.

  • EURSEK is around 0.2% higher on the day and almost 3% higher than the Sep 29 low, erasing much of the progress seen during the last week of September (which coincided with the Riksbank beginning their FX hedging operations). The Sep 25 high of 11.8655 is the next upside level eyed before 11.90 and 12.00 may present psychological resistance handles.
  • EURNOK remains at the highest levels since early July and also sits 0.2% higher this morning.
  • Swedish PPI earlier remained in deflation in Y/Y terms, but import prices continue to be pushed upwards by higher energy prices and the weak krona. The Riksbank's Jansson speaks on current monetary policy at 1230BST today.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.