MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A$ Slightly Off Session Highs, RBA Mins & Deputy Governor Speech In Focus Tomorrow

AUD

AUD/USD is down slightly from session highs, running into some resistance ahead of 0.6240. We last sat at 0.6225/30, +0.45% for the session. The currency is on par with GBP for best performers within the G10 space so far today. Still, the DXY remains above 113.00, so overall gains are very much within recent ranges.

  • Gains today have followed US equity futures for the most part. As we noted earlier, correlations with global equities generally remain quite firm.
  • Commodities, outside of oil, have tracked lower, copper (CMX) back to the low $340 region. Iron ore is back under $92/tonne in terms of the active iron ore contract in Singapore. This is right on YTD lows and -2% down for the session.
  • A fresh lockdown in a tech related hub in China and little sign of a major turnaround on Covid related policies in the country is likely weighing at the margin.
  • Tomorrow, RBA minutes and a speech by Deputy Governor Bullock, titled 'Policymaking At The Reserve Bank' will be the focus.
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.