RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

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

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

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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$ Hits Fresh Cyclical Lows

AUD

AUD/USD printed fresh cyclical lows at 0.6262, before stabilising somewhat. It remains the weakest performer within G10, although A$ weakness is dragging NZD/USD lower as well. The regional equity risk off trade and lower US futures (-0.50%), are continuing to weigh.

  • In terms of downside levels, beyond potential support at 0.6250, is the next big figure at 0.6200, which was last seen in early April 2020.
  • Earlier, the NAB business survey release painted a resilient picture for current growth conditions, although suggests cost/wages pressures may have peaked (see this link for more details).
  • To the extent this drives a wedge between the RBA and offshore central banks in terms of the policy outlook, it should continue to undermine the AUD.
  • The AUD/NZD cross is finding support sub 1.1300 (last 1.1305).
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.