MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

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 Gains On Iron Ore Rally, Yuan Draws Support From Upbeat GDP Outlook

FOREX

Iron ore caught a bid and futures on SGX printed all-time highs, bolstering AUD at the start to the week. The Aussie drew additional support from broadly positive sentiment, reflected in upticks across most regional equity benchmarks.

  • NZD gained in tandem with its Antipodean cousin, with liquidity thinned out as New Zealand's markets were shut for the Anzac Day.
  • USD headed in the opposite direction, as the DXY faltered to its worst levels since early March. The FOMC are in their blackout period ahead of Wednesday's monetary policy decision.
  • The BoJ also hold their policy meeting this week, but USD/JPY was happy to hold Friday's range. BoJ decision announcement is scheduled for tomorrow.
  • The PBoC fixed its central USD/CNY mid-point at CNY6.4913, 20 pips above sell-side estimates, but USD/CNH slipped nonetheless. The redback gained as a Chinese gov't think tank said it expects the economy to grow 8% Y/Y this year.
  • German Ifo Survey, flash U.S. durable goods orders as well as comments from ECB's Lane & Panetta take focus from here.
Energy BulletsCommodities
Energy BulletsCommodities

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.