MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

A$ Firmer, Limited Reaction To As Expected Retail Sales

AUD

The A$ hasn't reacted a great deal to the as expected AU retail sales print (+0.2%), with the Jan figure revised down a touch to 1.8% from 1.9% prior. AUD/USD sits close to the session highs, in the 0.6665/70 region, around +0.25% firmer. This is through Monday session highs, with Friday highs form last week coming in close to 0.6700.

  • The USD is weaker across the board, with yen leading gains (+0.50%). So, the A$ strength is in line with those trends, albeit with AUD/JPY away from 87.50, last near 87.25/30. Lower US yields and firmer equities are weighing on the USD at this stage.
  • The retail sales print is unlikely to shift the needle much in terms of the RBA debate. Note we do get monthly CPI figures tomorrow.
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.