Free Trial

Heading South




Breaches Key Short-Term Support


Late SOFR/Treasury Option Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AUD/USD is drifting higher, pushing above 0.6910, around 0.35% above NY closing levels. The pair has been dragged higher by a firmer EUR (DXY back sub 107), while AUD/NZD cross demand has also been evident.

  • Cross asset signals are negative for the most part, with sentiment for the A$ driven more so by broader USD performance during the session to date.
  • Regional equities are mixed, with China/HK lower, while tech related plays are higher. US futures are modestly lower.
  • Commodities are mostly lower, with iron ore back through $98/tonne for the active Singapore future. China steel futures are down on shore in China (0.50-0.60% at this stage. Copper (CMX) is also weaker., while oil has drifted lower.
  • Earlier, the Q2 NAB business confidence measures printed at +5 from a revised +15 in Q1. This is not a surprising result though given monthly readings through the quarter.
  • AUD/NZD is up around 0.35% on the day. Relative external trade account trends still favor the cross higher, with earlier data showing NZ's position for June slipping back into deficit. The 12 month sum for the deficit is in excess of NZ$10bn. This contrasts with record high trade surpluses for Australia. The cross is back at 1.1080, with the next level eyed around 1.1100.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.