MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

MNI: ITALY NOV MANUF PMI 44.5 (FCST 46.0); OCT 46.9

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

AUD: A$ Off Lows But Pressured By Equity Sell Off

AUD
RegionGlobalBulletAPACForeign Exchange BulletsAustraliaMarkets

AUDUSD fell to a low of 0.6686 earlier in the session driven by continued risk off flows. Despite continued equity selling, especially tech, the pair is back above 0.6700 but is still down 0.1% to 0.6703. The USD index is down 0.1% concentrated against the euro and CAD. 

  • There was a slight rise in AUDUSD following Q2 GDP data, which printed moderately higher than expected with an upward revision to Q1. Growth slowed to 1% y/y and was driven by public demand and net exports.
  • AUDJPY is down 0.2% to 97.46 after a low of 97.02. AUDNZD is little changed at 1.0845. AUDEUR is 0.3% lower at 0.6062 and AUDGBP -0.1% to 0.5112.
  • Equities are selling off in line with the US yesterday with the ASX down 1.9% and Hang Seng -1.3%. The S&P e-mini has continued the decline falling 0.4% during the APAC session.
  • In terms of commodities, iron ore is steady around $94/t and copper is up 0.1%, but oil continues to fall with WTI down 0.7% to $69.83/bbl.
  • Later the Fed’s Beige book is released and July JOLTS job openings, durable goods orders and trade balance print. The ECB’s Elderson speaks, European August services/composite PMIs print and the BoC decision is announced. 
203 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.

AUDUSD fell to a low of 0.6686 earlier in the session driven by continued risk off flows. Despite continued equity selling, especially tech, the pair is back above 0.6700 but is still down 0.1% to 0.6703. The USD index is down 0.1% concentrated against the euro and CAD. 

  • There was a slight rise in AUDUSD following Q2 GDP data, which printed moderately higher than expected with an upward revision to Q1. Growth slowed to 1% y/y and was driven by public demand and net exports.
  • AUDJPY is down 0.2% to 97.46 after a low of 97.02. AUDNZD is little changed at 1.0845. AUDEUR is 0.3% lower at 0.6062 and AUDGBP -0.1% to 0.5112.
  • Equities are selling off in line with the US yesterday with the ASX down 1.9% and Hang Seng -1.3%. The S&P e-mini has continued the decline falling 0.4% during the APAC session.
  • In terms of commodities, iron ore is steady around $94/t and copper is up 0.1%, but oil continues to fall with WTI down 0.7% to $69.83/bbl.
  • Later the Fed’s Beige book is released and July JOLTS job openings, durable goods orders and trade balance print. The ECB’s Elderson speaks, European August services/composite PMIs print and the BoC decision is announced.