MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

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

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

AUD/USD Testing Week To Date Lows at 0.7160

AUD

AUD/USD is an underperformer within the G10 FX space, down 0.40% from the NY close. We are close to the Tuesday lows of sub 0.7160.

  • Equity sentiment has not helped, with regional markets mostly down today. The headlines around Shanghai districts moving back into lockdown this weekend for mass testing weighing on sentiment. US futures are tracking lower, but losses remain fairly modest so far.
  • Yield momentum continues to rollover from Tuesday's high. The AU-US2yr spread is back to -5bps, from a peak of +10bps on Tuesday.
  • This is also evident for crosses like AUD/NZD, as we highlighted earlier. NZD/USD is weaker also, but the AUD/NZD cross has slipped to the low 1.1130 region, around 0.20% lower for the session.
  • Commodities are mixed. Iron ore is down slightly, but still close to $145/tonne. Copper is also weaker, off a modest 0.6%.
  • AUD/JPY has been volatile, but still down on the day to 96.25, after opening just above 96.50.
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time
BulletMarketsForeign Exchange BulletsHomepagemarkets-real-time

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.