MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

A$ Stabilises During APAC Trading, US Q1 GDP Later

AUD

Aussie has stabilised during APAC trading with the AUDUSD off Wednesday’s intraday low of 0.6591 and is now up 0.1% to around 0.6610. It has been in a narrow range between 0.6600 and 0.6615 today. Initial support is at 0.6595. The USD index is 0.1% lower.

  • Aussie has seen the largest move today versus kiwi with AUDNZD down 0.2% to 1.0771. AUDJPY is flat at around 88.30. After moving down sharply on Wednesday, AUDEUR and AUDGBP are flat today at 0.5980 and 0.5299.
  • Equities in the region are generally lower with the ASX down 0.4% but the CSI 300 up 0.3% and the S&P e-minis +0.2%. Commodities are mixed with WTI oil prices up 0.2% to about $74.50/bbl after yesterday’s slump, copper down 0.3% and iron ore steady around $105/t.
  • Later there is important US Q1 GDP data which is expected to rise 1.9% q/q saar. The price components are also likely to be watched closely. There are also jobless claims and pending home sales for March. On Friday in Australia, Q1 PPI data prints and the RBA private credit series.
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.