CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: CANADA JUN INDUSTRIAL PRICES +0.0% MOM; EX-ENERGY +0.1%

MNI: CANADIAN MAY RETAIL SALES -0.8%; SALES EX-AUTOS/PARTS -1.3%

EZ/UK Bond Supply Calendar: Belgium Auction, BoE APF on Monday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Falls Further During NY Session, Retail Sales Coming Up

AUD

Aussie underperformed the G10, except kiwi, initially declining on the weaker-than-expected May CPI print and then later as Fed Powell’s comments strengthened the greenback. AUDUSD is down 1.3% to 0.6599. It seems to have found some round number support around 0.6600 as breaks below haven’t been sustained. The intraday low was 0.6597, the lowest since late May. The USD index is 0.5% higher.

  • AUDUSD extended its reversal on Wednesday. It has broken through support at 0.6610, June 6 low, and 0.6562 is now open, the 76.4% retracement level. Initial resistance is at 0.6722, the 20-day EMA.
  • Aussie is down 1.1% versus the yen to 95.27. Given kiwi underperformance, AUDNZD rose 0.2% to 1.0869. AUDEUR fell 0.9% to 0.6047 and AUDGBP -0.4% to 0.5221.
  • Equity markets were mixed with the S&P down 0.04% and the Eurostoxx up 0.9%. VIX fell to 13.4%. Oil is higher with WTI up 2.2% to $69.21/bbl. Copper fell 1.5% and iron ore is lower at $112/t.
  • Today May retail sales print, which are forecast to rise 0.1%. There is also May job vacancies.
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.