MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX: A$ & NZ$ Outperform As Greenback Moderates

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

After underperforming on Tuesday, Aussie and Kiwi are outperforming the rest of the G10 against the greenback during today’s APAC trading. The BBDXY USD index is close to its intraday low to be down 0.2% after it finished 2024 strongly. 

  • AUDUSD rose back above 62c to be up 0.5% at 0.6217 after a high of 0.6223. It is trading back above resistance at 0.6199. A notional A$620mn of options expired today with a strike of 0.6175. The S&P Global December manufacturing PMI was revised down to 47.8 and CoreLogic December home values fell 0.2% m/m.
  • NZDUSD is 0.4% higher at 0.5618, close to the intraday high, leaving AUDNZD little changed at 1.1065. NZ markets have been closed today.
  • USDJPY is 0.1% lower at 157.08, close to the intraday low, after a high of 157.78 early in the session. AUDJPY has trended lower after reaching 97.93 and is currently up 0.3% to 97.66. Japan has also been shut today.
  • European currencies are stronger against the greenback with EURUSD up 0.2% to 1.0373, GBPUSD +0.2% to 1.2539 and USDNOK -0.2% to 11.36. EURGBP is down slightly to 0.8273.
  • Later US jobless claims, November construction spending and S&P Global final December manufacturing PMI, European December manufacturing PMIs and euro area November M3 data print.
207 words

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.

After underperforming on Tuesday, Aussie and Kiwi are outperforming the rest of the G10 against the greenback during today’s APAC trading. The BBDXY USD index is close to its intraday low to be down 0.2% after it finished 2024 strongly. 

  • AUDUSD rose back above 62c to be up 0.5% at 0.6217 after a high of 0.6223. It is trading back above resistance at 0.6199. A notional A$620mn of options expired today with a strike of 0.6175. The S&P Global December manufacturing PMI was revised down to 47.8 and CoreLogic December home values fell 0.2% m/m.
  • NZDUSD is 0.4% higher at 0.5618, close to the intraday high, leaving AUDNZD little changed at 1.1065. NZ markets have been closed today.
  • USDJPY is 0.1% lower at 157.08, close to the intraday low, after a high of 157.78 early in the session. AUDJPY has trended lower after reaching 97.93 and is currently up 0.3% to 97.66. Japan has also been shut today.
  • European currencies are stronger against the greenback with EURUSD up 0.2% to 1.0373, GBPUSD +0.2% to 1.2539 and USDNOK -0.2% to 11.36. EURGBP is down slightly to 0.8273.
  • Later US jobless claims, November construction spending and S&P Global final December manufacturing PMI, European December manufacturing PMIs and euro area November M3 data print.