MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI BRIEF: BOC Saw Little Need For A 50BPs Rate Cut

BOC DID NOT SERIOUSLY CONSIDER A 50BP RATE CUT- MACKLEM

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI BRIEF: China To Boost Environmental Equipment Industry

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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

AUD: A$ Little Changed As Markets Wait For US CPI Out Later

AUD
BulletAPACForeign Exchange BulletsAustraliaMarkets

Aussie is little changed during today’s APAC trading despite better risk appetite as there has been little new information and currencies wait for US February CPI data out later today. A step back from an escalation of the US-Canada trade war and Ukraine’s agreement to a US ceasefire proposal helped to boost risk assets. AUDUSD is down 0.1% to 0.6294 after reaching 0.6300 earlier and has been in a narrow range. It couldn’t sustain breaks above 0.6300 on Tuesday. The USD index is 0.1% higher.

  • Aussie crosses are in tight ranges with AUDJPY up around 0.1% to 93.17 after reaching 93.26, AUDNZD slightly higher at 1.1023, AUDEUR 0.5770 and AUDGBP 0.4864.
  • Equities are generally stronger with the KOSPI up 1.4%, Hang Seng +0.4% and Topix +0.8% and S&P e-mini +0.3% but the ASX is down 1.4%. Oil prices are higher with WTI +0.7% to $66.71/bbl. Copper is 0.5% stronger and iron ore is around $102/t.
  • US CPI for February is out later (see MNI CPI Preview) and forecast to show a 0.1pp moderation in headline and core to 2.9% y/y and 3.2% y/y respectively. February budget and real earnings data are also released. The BoC decision is announced and it is forecast to cut rates 25bp. The ECB’s Lagarde and Lane speak at the “ECB and Its Watchers” conference. 
216 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.

Aussie is little changed during today’s APAC trading despite better risk appetite as there has been little new information and currencies wait for US February CPI data out later today. A step back from an escalation of the US-Canada trade war and Ukraine’s agreement to a US ceasefire proposal helped to boost risk assets. AUDUSD is down 0.1% to 0.6294 after reaching 0.6300 earlier and has been in a narrow range. It couldn’t sustain breaks above 0.6300 on Tuesday. The USD index is 0.1% higher.

  • Aussie crosses are in tight ranges with AUDJPY up around 0.1% to 93.17 after reaching 93.26, AUDNZD slightly higher at 1.1023, AUDEUR 0.5770 and AUDGBP 0.4864.
  • Equities are generally stronger with the KOSPI up 1.4%, Hang Seng +0.4% and Topix +0.8% and S&P e-mini +0.3% but the ASX is down 1.4%. Oil prices are higher with WTI +0.7% to $66.71/bbl. Copper is 0.5% stronger and iron ore is around $102/t.
  • US CPI for February is out later (see MNI CPI Preview) and forecast to show a 0.1pp moderation in headline and core to 2.9% y/y and 3.2% y/y respectively. February budget and real earnings data are also released. The BoC decision is announced and it is forecast to cut rates 25bp. The ECB’s Lagarde and Lane speak at the “ECB and Its Watchers” conference.