MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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$ Down On Retail Data But Bounces On China PMI

AUD

Aussie is weaker against the major currencies in the wake of the slump in December retail sales but found support from the better-than-expected China non-manufacturing PMI. AUDUSD fell to a low of 0.7039 post the data and is now around 0.7055, close to the pre-data high of 0.7066. The USD is slightly weaker during the session.

  • AUDNZD is down 0.1% to around 1.09, off of the intraday low of 1.0885. Aussie is down 0.3% against the yen at 91.80. AUD is down 0.2% against the EUR and GBP at 0.6497 and 0.5705 respectively.
  • Equity markets across the region are mixed with the ASX up 0.1%, the Nikkei down 0.1% and the Hang Seng +0.5%. S&P e-minis are up 0.1%. WTI oil prices are range trading and up 0.1% today to $78/bbl after a 2.4% decline on Monday. Copper prices are 0.2% lower, while iron ore is higher at $128.10/t.
  • Later today there is preliminary euro area Q4 GDP and the US Q4 employment cost index and November house prices. The focus in Australia on Wednesday is likely to be the appearance of RBA’s Kohler at the Senate Select Committee on the Cost of Living and January CoreLogic house prices before the FOMC announcement.
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.