MNI BRIEF: BOJ Tankan To Show Slipping Sentiment

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: GERMANY OCT IND PROD -1% M/M

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

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$ Recovers Back To 0.6370, RBA SoMP & Q3 Real Retail Sales On Tap Tomorrow

AUD

AUD/USD has recovered from earlier lows, last around 0.6365/70, +0.25% on NY closing levels. We dipped to 0.6325 before rebounding to just above 0.6370. Note the 20-day EMA comes in at 0.6393 on the topside. A modest recovery in US equity futures has aided the A$ rebound, while the USD is softer against all the majors as well.

  • The A$ is only lagging the JPY at this stage in terms of G10 performance, reversing the trend from the start of the session. AUD/NZD has stabilized somewhat, last at 1.0915/20, up from earlier lows near 1.0890.
  • Commodities have been mixed, iron ore dips supported, albeit within tight ranges. The metal last traded just above $81/tonne, unfazed by fresh weakness in China property stocks.
  • Tomorrow the focus will rest on the RBA SoMP, although some forecasts were already outlined in the policy statement from earlier in the week. Also due is Q3 real retail sales, the market looks for a +0.4% outcome (+1.4% in Q2), although there is a fair degree of uncertainty regarding the outcome (see this link for more details).
HomepageCommoditiesBulletMarketsForeign Exchange Bullets
HomepageCommoditiesBulletMarketsForeign Exchange Bullets

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.