[MARKET ANALYSIS] G7 FX trade muted, CNH weakens following the stronger fix by the PBoC
The muted G7 FX trade indicates a cautious market as geopolitical tensions weigh on sentiment, particularly in the EU-US dynamic.
Mitsubishi Motor (7211 JT) President Kato is to become CEO, effective April 1st, Nikkei reports
PRE-MARKET INDIAN STOCK NEWS
[MARKET ANALYSIS] G7 FX trade muted, CNH weakens following the stronger fix by the PBoC
US President Trump says Iran will be "wiped off the face of the Earth" if Iran attempts to carry out an assassination threat against him, NewsNation reports
China's MIIT official says they aim for tech breakthrough in chips for AI training
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- DXY initially sold off at the start of the APAC session before rebounding back above 98.50 as EU-US tensions remain at the forefront of traders' minds.
- EUR/USD remain in a tight range following its outperformance in Tuesday’s session, despite a lack of drivers for the euro.
- GBP/USD oscillates around 1.3440 ahead of the UK inflation report. The ONS released its employment report in Tuesday’s session, which saw the initial upside in cable unwind throughout the session.
- USD/JPY dips below the 158 handle as the recent turmoil in JGBs briefly calms.
- Antipodeans trade muted, with the Kiwi consolidating following recent gains.
- CNH weakens, with USD/CNH returning to the 6.96 handle, initially spurred by the stronger fixing (7.0014 vs prev. 7.0006).
The recent weakness in the CNH following a stronger PBoC fix may raise concerns about China's economic resilience, influencing USD/CNH dynamics and potentially impacting broader FX rates, as traders look for clues on policy and risk appetite.
Related headlines
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- Daily US Equity Opening News: ORCL gains on earnings and FY guidance beat; ADBE weighed by slight Q4 revenue miss; SMR downgraded2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+1 day ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print1 day ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets1 day ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL1 day ago
- US President Trump reiterates USD 5k payment to all US adults will happen 1 day ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 20262 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC1 day ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- [MARKET UPDATE] Action seen after US CPI has reversed, with XAU above pre-data levels, USD under pressure while fixed income and equity futures have entirely reversed the move and are extending to the upside2 days ago
The whole workspace, free to try.
Try it free