CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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

AUD/USD At Fresh YTD Lows, AUD/JPY down 1.6%

AUD

AUD/USD has fallen to fresh YTD lows, dipping sub 0.6820, before stabilising somewhat. AUD/JPY is off by around 1.6%, through the 50 day MA, last tracking close to 92.20.

  • Risk off drivers mentioned earlier have continued, with the equity drop on-going, while lower commodity prices have also joined the fray.
  • Copper is extending lower, although volumes look light. Iron ore is still relatively steady, just under $115/tonne for the active Singapore futures. Gold (near $1800) and oil (Brent sub $109/bbl) are also weighing at the margin.
  • From a technical standpoint, the next level to watch will be 0.6805, the June 22 2020 low. Below that is the June 15th low of 0.6777.
  • 1 month implied vols are moving higher for AUD/USD, back above 13% but remain below previous YTD highs of around 15%.
Metals bulletHomepagemarkets-real-timeCommoditiesBulletMarketsForeign Exchange Bullets
Metals bulletHomepagemarkets-real-timeCommoditiesBulletMarketsForeign Exchange Bullets

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.