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

A$ Outperforms As Risk Sentiment Improves, PMIs Coming Up

AUD

Aussie and Kiwi outperformed the G10 as risk sentiment continued to recover as geopolitical tensions eased. After spending most of the European/NY sessions trading between 0.6430 and 0.6450, AUDUSD is up 0.5% to 0.6450. The USD index is flat.

  • AUDUSD is approaching resistance at 0.6457, April 18 high, but the trend condition remains bearish. Initial support is at 0.6363, April 19 low.
  • AUDNZD was down slightly to 1.0896. Aussie rose strongly against the yen up 0.6% to 99.82, near the intraday high. AUDGBP is up 0.7% to 0.5222, close to the high of 0.5230. AUDEUR rose 0.5% to 0.6054.
  • Equities rallied with the S&P up 0.9%, Euro stoxx +0.4% and FTSE +1.6%. Oil prices were down slightly with WTI -0.1% to $82.14/bbl. Copper fell 0.3% and iron ore is down to around $115/t.
  • Today the preliminary Judo Bank PMIs for April print.
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.