Free Trial

A$ Rallies As Risk Sentiment Improves, RBA Minutes Coming Up


Aussie was one of the stronger performers in the G10 with the group rising against the greenback. AUDUSD rose 0.7% to 0.6341, close to the intraday high, supported by more positive risk sentiment from US efforts to ensure the conflict in Israel doesn’t spread. The USD index fell 0.4%.

  • AUDUSD remains bearish and is close to recent lows. A clear break of 0.6286, October 3/13 low, would confirm the resumption of the downtrend. Initial resistance is at 0.6445. A clear break of 0.6522 would mark a reversal.
  • AUDJPY rose 0.7% to 94.82 as the yen suffered from the improvement in risk appetite. AUDNZD broke through 1.07 and is currently around there. NZ Q3 CPI is coming up. AUDEUR is 0.2% higher at 0.6005 and spent most of the European/NY session above 0.6000. AUDGBP is up slightly to 0.5192.
  • Equities rallied with the S&P up 1.1% and the Euro stoxx +0.3%. Oil prices fell around 0.8% with Brent holding above $90 at $90.13/bbl. Copper is up 0.3% and iron ore is just under $117/t.
  • Today the minutes from this month’s RBA meeting are published.

To read the full story



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.