RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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 Equities Rally And USD Softens

AUD

AUDUSD is up 0.6% to 0.6692, close to the intraday high, and has broken through the 20-day moving average, as US yields and the dollar are lower (BBDXY -0.3%) and equities rally. Resistance remains intact at 0.6764.

  • Aussie has also made solid gains against European currencies, except NOK. AUDEUR is up 0.5% to around 0.6187 and AUDGBP +0.4% to 0.5432. AUDNZD is stable at 1.0733 while AUDJPY is down 0.1% to around 87.44.
  • Equity markets are generally stronger across the APAC region with the ASX up 1.1%, the Hang Seng +0.8% but the CSI 300 down 0.1%. S&P e-minis are up 0.2%. After rallying on Monday, WTI is down slightly to around $72.73/bbl but Brent is down 0.5% to $77.75. Copper is up 0.7% while iron ore is trading between $122-123/t.
  • Later today RBA’s Connolly, Head of Payments Policy, speaks on “The shift to electronic payments – some policy issues” at the AFR Banking Summit at 1615 AEDT. The Fed’s Barr appears before the Senate banking panel and there is also US trade and house price data released. On Wednesday, Australia’s monthly CPI for February prints.
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.