MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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 Motors Toward December High as China Relations Improve

FOREX
  • AUD tops the table in G10 ahead of the NY crossover, with AUD/USD nearing the next resistance at the December high of $0.6893 following overnight reports that China bureaucrats could roll back the ban on coal imports from Australia after a two-year freeze in trade. If confirmed, the move would mark a significant normalisation in relations between the two countries, reflected in the currency's material break back above the 200-dma for the first time since early 2022.
  • The USD backtrack follows a strong rally in the currency on Tuesday, and may reflect a settling of markets after the volatile start to the year. French inflation was a material downside surprise at 6.7% for the EU-harmonized Y/Y figure vs. Exp. 7.3%. The release saw bond yields slide lower and EUR/GBP drop back below 0.8800.
  • We see the first tier one US data of the year with today's ISM Manufacturing release. Markets will eye the release for any clues ahead of Friday's payrolls, which are expected to show jobs growth of 200k this month.
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.