Free Trial

Late Risk Appetite Gathers Momentum


Fresh Bear Cycle Low


Fiscal Tightening And Yield Curves


Bullish Extension



Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX: Westpac note that their G10 FX model's "appetite for AUD downside is
easing, with the short position down to a mere 6%. A slightly less weak growth
signal in the wake of last week's jobs data and business surveys has been one
factor. Our short term macro momentum signal - logit probability - has turned
less negative too amid lower global risk premia. Again that NZD remains deeply
out of favour; - 24% of the portfolio. Rising yields and one of the strongest
G10 growth signals keep the model firmly long USD for another week. JPY is the
other favoured long, though the drivers are very different - healthy momentum in
Japan's external accounts and short term undervaluation of the currency versus
our fair value estimates."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.