MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Crosses In Focus, AUD/GBP Close To September Lows

AUD

More action has been evident in crosses than AUD/USD so far this morning. This pair got dragged closer to 0.6520 in early trade, as GBP continued to strengthen, but we are now back around 0.6505/10, slightly higher on starting levels. AUD/GBP continues to track lower, last at 0.5830, close to fresh month to date lows (just ahead of 0.5800).

  • Regional equity sentiment is weaker, following overnight leads, while US equity futures are struggling to stay in positive territory. AUD/JPY is still higher though, pushing above 94.15/20 fresh highs for the week, as USD/JPY tracks modestly higher.
  • AUD/NZD is up from recent lows. The pair was around 1.1330 in early trade, but we are now back to 1.1355. Earlier NZ data didn’t shift the sentiment needle.
  • Coming up is Australian credit data, although China PMIs, out at the same time, are likely to influence the A$ more.
HomepageCommoditiesBulletMarketsForeign Exchange Bullets
HomepageCommoditiesBulletMarketsForeign Exchange Bullets

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.