MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

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

A$ Outperforms On Improved Risk Sentiment

AUD

AUDUSD recovered somewhat on Friday and is heading back towards 70c. It is currently trading around 0.6965. The NZD and AUD outperformed the rest of the G10 on better risk sentiment. The USD fell after Fed comments pointing to further rate hikes.

  • Aussie rose against the yen and is now trading at 90.21, just off of Friday’s high. AUDNZD spiked earlier today to 1.0812 but is now around 1.0775. Both currencies face Q4 CPI data on Wednesday. AUDEUR is about 0.6410 but off of Friday’s high of 0.6426.
  • AUDUSD remains in an uptrend and any short-term weakness is likely corrective. Initial support is at 0.6867, the 20-day EMA. A break through 0.7063, January 18 high, is needed to for the bull trend to resume.
  • Equity markets were stronger on Friday with the S&P up strongly (+1.9%) and the Eurostoxx +0.6%. VIX was lower at 19.85%. Oil prices also rose on the improvement in risk appetite and WTI is currently trading around $81.69/bbl. Metal prices were mixed but copper rose 1.1% and iron ore is $126.10, close to Friday’s high.
  • There is no data for Australia in today’s calendar and little elsewhere. The focus of the week is likely to be Wednesday’s December and Q4 CPI reports.
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.