MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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 Higher For First Session in 4 as RBA Flag Need For Further Tightening

FOREX
  • AUD/USD sits higher for the first session in four following the RBA rate decision, at which the bank raised rates by 25bps to 3.35%, and hinted that another 50bps of rate rises could be still to come in an effort to rein in inflation. This puts AUD/USD close to a point off yesterday's lows at $0.6856 (showcasing a solid bounce off the 50-dma), with $0.6963 the next near-term upside level ahead of $0.7007, the 50% retracement of the early February downleg.
  • GBP/USD traded a new weekly low of $1.1987 in Asia-Pac trade, putting the pair well within range of the 200-dma support of $1.1951. Any break through here opens the lowest level since early January, with focus turning to a potential party-wide reshuffle of the UK government. UK GDP, industrial production and trade balance data cross on Friday.
  • Lastly, NOK is underperforming despite a more constructive crude oil price backdrop. EUR/NOK holds close to the cycle highs printed yesterday at 11.1086 - a break above here would mark the highest rate since November 2020.
  • US and Canadian trade balance data are the calendar highlights Tuesday, ahead of an appearance from Fed's Powell, who speaks at the Economic Club. His comments will be carefully watched in the wake of the bumper jobs report as well as an observation from Bostic, who raised the prospect of a higher peak rate after the NFP data.
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.