MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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$ Remains Sub 0.6600, But Commodity FX Outperforms EUR

AUD

AUD/USD sits marginally higher for Thursday's session, the pair around 0.6585 in early Friday dealing. This puts a little over 0.10% higher for Thursday's session, with the A$ and the NOK and CAD, (so other commodity FX), the only G10 currencies to rise against the USD.

  • AUD/USD remains within recent ranges, post Asia close highs on Thursday at 0.6610 not sustained. Broader USD index gains, led by EUR weakness post the ECB, was a likely headwind.
  • AUD/EUR rose close to 0.50% for Thursday's session, with pair sitting at 0.6070/75 currently (against a high of 0.6086 from Thursday). Core yields were softer post the ECB amid speculation of central bank discussing rate cuts in March (RTRS).
  • Higher equities in both US and EU markets also likely helped the AUD, while the Bloomberg aggregate commodity index nudged up by 0.24%. The metals index was down a touch. Iron ore is back close to $134/ton, off recent highs above $136/ton.
  • Australian markets are closed today for the Australia day public holiday.
  • Next week retail sales prints on Tues, followed by Q4 CPI on Wednesday.
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.