MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

AUD: A$ Range Trading, US PPI & ECB Decision Later

AUD
RegionGlobalBulletAPACForeign Exchange BulletsAustraliaMarkets

Aussie has range traded during the APAC session with AUDUSD between 0.6671 and 0.6683 and is currently little changed at 0.6677. Generally higher equities and commodities are providing some support. The USD index is up 0.1%. 

  • AUDNZD has trended higher reaching a high of 1.0893 following soft NZ data, which has driven Westpac to cut its Q3 CPI forecast. The pair is currently up 0.1% to 1.0887.
  • AUDJPY is up 0.2% to 95.16 but off the intraday high of 95.51. AUDEUR is up 0.1% to 0.6064 and AUDGBP +0.1% to 0.5121.
  • Equities are generally stronger with the ASX up 0.6% and Hang Seng +0.8% but China’s CSI 300 down 0.1%. The S&P e-mini is moderately higher. Oil prices are stronger after rallying Wednesday with WTI up 0.4% to $67.58/bbl. Copper is 0.5% higher while iron ore is around $92/t.
  • Later US August PPI, budget and jobless claims print. Core PPI is expected to hold steady at 2.4% y/y. The ECB announces its decision today, which will be accompanied by updated staf forecasts and a press conference. It is expected to cut rates 25bp. 
181 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 has range traded during the APAC session with AUDUSD between 0.6671 and 0.6683 and is currently little changed at 0.6677. Generally higher equities and commodities are providing some support. The USD index is up 0.1%. 

  • AUDNZD has trended higher reaching a high of 1.0893 following soft NZ data, which has driven Westpac to cut its Q3 CPI forecast. The pair is currently up 0.1% to 1.0887.
  • AUDJPY is up 0.2% to 95.16 but off the intraday high of 95.51. AUDEUR is up 0.1% to 0.6064 and AUDGBP +0.1% to 0.5121.
  • Equities are generally stronger with the ASX up 0.6% and Hang Seng +0.8% but China’s CSI 300 down 0.1%. The S&P e-mini is moderately higher. Oil prices are stronger after rallying Wednesday with WTI up 0.4% to $67.58/bbl. Copper is 0.5% higher while iron ore is around $92/t.
  • Later US August PPI, budget and jobless claims print. Core PPI is expected to hold steady at 2.4% y/y. The ECB announces its decision today, which will be accompanied by updated staf forecasts and a press conference. It is expected to cut rates 25bp.