MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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$ Stronger As China Buoys Risk Appetite

AUD

AUDUSD is off its intraday low of 0.6725 driven by more positive risk sentiment following China’s July Politburo statement increasing support for the property market and including plans to resolve local government debt issues. It is currently trading 0.3% higher at 0.6758, close to the high of 0.6759, while the USD index is 0.1% lower.

  • AUDJPY is up 0.1% to 95.48 but off the high of 95.50. AUDNZD is 0.1% higher at 1.0874. Aussie is stronger again versus the euro and pound at 0.6102 and 0.5265 respectively.
  • Equity markets are generally stronger following the China news with the ASX up 0.4% and Hang Seng +2.9 but the Nikkei down 0.2%. S&P e-minis are slightly lower. Oil is in a narrow range but higher during APAC trading with Brent at $82.88/bbl. Copper is up 0.2% and iron ore to around $114/t.
  • Later there is US May house price data, July consumer confidence and Richmond Fed. There is also the July German Ifo survey. Tomorrow the focus will be on Australia’s Q2 CPI data and then the Fed decision.
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.