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

PBOC Injects Net CNY96 Bln Tues; Rates Unchanged

CHINA PBOC INJECTS CNY415 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1132 TUES VS 7.1159

MNI: UK NOV BRC SHOP PRICES +0% M/M, +4.3% Y/Y

November Gains Consolidate On Monday

Week Ahead

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

A$ Down Ahead Of RBA As Risk Appetite Deteriorates

AUD
BulletMarketsForeign Exchange NewsHomepage

AUDUSD began the day range trading just under 65c but took a step down when Asian equity markets opened. The weaker risk tone is weighing on Aussie ahead of the RBA decision later today. AUDUSD is down 0.2% to 0.6475, just off the intraday low of 0.6472. The USD index is 0.1% higher.

  • AUDJPY is 0.2% lower to 97.16, close to today’s low. AUDNZD is little changed at 1.0883. Aussie is down 0.2% against the euro and pound at 0.6044 and 0.5248 respectively.
  • Equity markets are generally weaker with the ASX down 0.4% and the Hang Seng -0.8%. S&P e-minis are 0.1% lower. Oil prices are also struggling against softer risk appetite with WTI down 0.4% to $80.53/bbl. Copper is down 0.5% and iron ore is just above $123/t.
  • Economists expect the RBA to increase rates 25bp today (see MNI RBA Preview - November 2023). The decision is announced at 1430 AEDT and the statement can be found here.
  • Later the Fed’s Kashkari, Goolsbee, Barr, Schmid, Waller and Logan speak. ECB’s de Guindos, Enria and McCaul also appear. On the data front there is only the September US trade balance and German IP.
190 words

To read the full story

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.

AUDUSD began the day range trading just under 65c but took a step down when Asian equity markets opened. The weaker risk tone is weighing on Aussie ahead of the RBA decision later today. AUDUSD is down 0.2% to 0.6475, just off the intraday low of 0.6472. The USD index is 0.1% higher.

  • AUDJPY is 0.2% lower to 97.16, close to today’s low. AUDNZD is little changed at 1.0883. Aussie is down 0.2% against the euro and pound at 0.6044 and 0.5248 respectively.
  • Equity markets are generally weaker with the ASX down 0.4% and the Hang Seng -0.8%. S&P e-minis are 0.1% lower. Oil prices are also struggling against softer risk appetite with WTI down 0.4% to $80.53/bbl. Copper is down 0.5% and iron ore is just above $123/t.
  • Economists expect the RBA to increase rates 25bp today (see MNI RBA Preview - November 2023). The decision is announced at 1430 AEDT and the statement can be found here.
  • Later the Fed’s Kashkari, Goolsbee, Barr, Schmid, Waller and Logan speak. ECB’s de Guindos, Enria and McCaul also appear. On the data front there is only the September US trade balance and German IP.