MNI BRIEF: BOI Sees "Modest" Q2 EZ Growth Driven By Services

MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

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

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

MNI: BAKER HUGHES US RIG COUNT 584; OIL RIGS 478; GAS RIGS 100

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.10B BSL

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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$ Steady While Waiting For Biden-McCarthy Outcome

AUD

The AUDUSD finished flat as the USD index traded sideways as markets await the outcome of the Biden-McCarthy debt-ceiling meeting. It hit a low of 0.6628 early in the European session and is now trading around 0.6652.

  • AUDUSD has been softer since its May 10 high and a bearish continuation would expose key support at 0.6565, the March 10 low. A break of this would confirm the resumption of the bear cycle.
  • The yen was impacted by hawkish Fedspeak and AUDJPY is 0.5% higher to 92.16. AUDNZD is down 0.1% to 1.058. Aussie is flat versus the euro to 0.6151 and up 0.1% against the pound to 0.5348.
  • Equity markets were mixed with the FTSE up 0.2%, the S&P flat but the Eurostoxx down 0.2%. Oil prices were around 0.6% higher on Monday despite debt-ceiling jitters. WTI rose to $72.53/bbl and is now trading around $72.14. Copper is down 1.5% and iron ore is also lower at around $102/t.
  • The preliminary Judo Bank Australia PMIs for May print today. They are also released in Europe and the US later.
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.