MNI BRIEF: RBA Minutes Point To April Pause

MNI: PBOC Net Injects CNY153 Billion via OMOs Tuesday

Coming up in the Asia-Pac session on Tuesday

EZ/UK T-Bill Calendar: Austria & ESM to issue Tues

EZ/UK Bond Supply Calendar: UK, Germany & Finland issuing Tues

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
RBA

VIEW: Westpac Sticking With Pause In April Call

INR

USD/INR Struggles For Fresh Downside, Equity Outflows Highest Since Adani Sell Off

NZD

Extending Losses, Through 20-Day EMA

IDR

More Bond Inflows May Be Needed To See USD/IDR Test Support Levels

GOLD

Bullion Stabilises Awaiting Wednesday’s FOMC Announcement

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

A$ Underperforms As Risk Pullback Weighs On Commodities

AUD
BulletMarketsForeign Exchange NewsHomepage

Aussie underperformed the G10, except for NOK and SEK, against the USD on Monday, on the pullback in risk sentiment and commodity prices. All G10 currencies were lower against the USD as the DXY rose 0.3% on higher UST yields. AUDUSD broke through 0.7100 and is currently around 0.7060, close to the session low of 0.7051.

  • Despite Monday’s correction, AUDUSD remains in an uptrend with higher highs and higher lows. But on the downside, initial support is at 0.6994.
  • AUDNZD is down 0.2% to 1.0916. Aussie is 0.2% weaker against the yen and is currently around 92.10. AUDEUR is down 0.5% to 0.6507 and AUDGBP -0.3% to 0.5717.
  • Equity markets were generally softer with the S&P down 1.3%, Nasdaq -2.1% and Eurostoxx -0.5% but FTSE up 0.25%. A deterioration in risk appetite put pressure on commodities with WTI oil prices down 2.4% to $77.80/bbl despite reports of significantly higher travel in China for New Year. Copper prices fell 1% and iron ore is down around $2 to just over $126/t.
  • Today December retail sales print in Australia. After November’s outsized 1.4% increase, a moderate 0.2% pullback is expected. The RBA’s private credit series are also released and the headline is forecast to post another 0.5% m/m rise.
204 words

To read the full story

Why Subscribe to

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.

Aussie underperformed the G10, except for NOK and SEK, against the USD on Monday, on the pullback in risk sentiment and commodity prices. All G10 currencies were lower against the USD as the DXY rose 0.3% on higher UST yields. AUDUSD broke through 0.7100 and is currently around 0.7060, close to the session low of 0.7051.

  • Despite Monday’s correction, AUDUSD remains in an uptrend with higher highs and higher lows. But on the downside, initial support is at 0.6994.
  • AUDNZD is down 0.2% to 1.0916. Aussie is 0.2% weaker against the yen and is currently around 92.10. AUDEUR is down 0.5% to 0.6507 and AUDGBP -0.3% to 0.5717.
  • Equity markets were generally softer with the S&P down 1.3%, Nasdaq -2.1% and Eurostoxx -0.5% but FTSE up 0.25%. A deterioration in risk appetite put pressure on commodities with WTI oil prices down 2.4% to $77.80/bbl despite reports of significantly higher travel in China for New Year. Copper prices fell 1% and iron ore is down around $2 to just over $126/t.
  • Today December retail sales print in Australia. After November’s outsized 1.4% increase, a moderate 0.2% pullback is expected. The RBA’s private credit series are also released and the headline is forecast to post another 0.5% m/m rise.