MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

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

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

A$ Volatile Post Confidence Data, PBoC & Ahead Of US CPI

AUD

AUDUSD reached an intraday high of 0.6759 but trended down following the soft Westpac consumer confidence data and is now trading higher again around 0.6758. It reached a low of 0.6738 earlier. Helping A$ at the margins is USDCNH moving off its highs, but there doesn’t seem to have been a lasting impact on Aussie from the PBoC 7-day repo rate cut. The USD index has also been trending lower and is down about 0.1%.

  • AUDJPY is down 0.1% to around 94.15. AUDEUR is 0.1% lower to 0.6267 and AUDGBP -0.1% to 0.5393. Aussie is 0.1% higher versus kiwi to 1.1041.
  • Westpac consumer sentiment held steady at depressed levels in June. The further rate hike in June weighed on confidence post the decision. The NAB business survey also signalled a softening in demand but cost measures rose.
  • Equity markets are mixed during APAC trading with the ASX and CSI 300 flat, the Hang Seng down 0.2% but the Nikkei up 1.6%. S&P e-minis are up 0.1%. After declining sharply over the last few sessions, Brent is 0.5% higher to $72.20/bbl so far today. Copper is up 0.2% and iron ore is higher at $111-$112/t.
  • Later today the focus is on US May CPI and the headline is expected to ease to 4.1% and core to 5.2%. There is also NFIB small business optimism and real earnings for May. In the UK, labour market/wages data print.
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.