MNI China Press Digest February 24: RRR, Rail Passengers, CPI

MNI: PBOC Net Injects CNY102 Bln via OMO Monday

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

MNI: PBOC Sets Yuan Parity Higher At 7.1717 Mon; -0.78% Y/Y

MNI: China CFETS Yuan Index Down 0.43% In Week of Feb 21

MNI INTERVIEW2 -Banxico Optimistic On Non-Core Inflation-Heath

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 488; GAS RIGS 99

BAKER HUGHES CANADA RIG COUNT 244; OIL RIGS 174; GAS RIGS 70

MNI: US NAR: JAN EXISTING HOME SALES 4.08M SAAR

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Continues Underperforming, AUDNZD Breaks Below 1.07

AUD

AUDUSD fell sharply during the European morning but found support around 65c. It then recovered from a low of 0.6508 driven by softer US labour indicators, lower US Treasury yields but stronger US equities to be up slightly on the day. It is currently around 0.6573. Better ISM data didn’t boost the USD and the index fell 0.2%.

  • AUDUSD broke below key support at 0.6526 and attention is now on 0.6500, a Fibonacci retracement. Short-term gains are seen as corrective. Initial support is at 0.6508, February 1 low, and initial resistance is 0.6623, 50-day EMA.
  • Aussie again underperformed against the G10 except SEK. AUDNZD fell below 1.07 to a low of 1.0694 during the European afternoon but has recovered moderately to 1.0702 to be down 0.3%. AUDJPY is 0.3% lower at 96.25 after reaching a low of 95.50. AUDEUR fell 0.4% to 0.6046 and AUDGBP -0.4% to 0.5157.
  • Equity markets were mixed with the Euro stoxx down 0.2% but the S&P rising 1.25%. Oil prices fell sharply with Brent down 2% to $78.95/bbl. Copper is 1.5% lower and iron ore is down to around $130/t.
  • December housing finance and Q4 PPI data are out today but the focus will be on US payrolls later.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange 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.