MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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, NZD Buoyed While Copper Strikes Decade High

FOREX
  • Antipodean currencies outperform early Monday, with AUD/USD, NZD/USD nearing last week's best levels as commodity markets - particularly industrial metals - trade well at the start of the week. Copper prices have hit new cycle highs this morning, trading again at the best levels in a decade having cleared the previous top in late February.
  • The greenback trades marginally lower, with the USD slipping against most others. This has helped buoy EUR/USD, which continues to defy the bearish signals emanating from last week's gravestone doji candle (Tuesday). Instead, the EUR/USD uptrend remains in tact and is approaching bear channel resistance at 1.2119.
  • GBP trades modestly firmer, erasing some of the damage done at the tail-end of last week. Lower crude prices are working against the likes of NOK ahead of this Wednesday's OPEC+ meeting.
  • Preliminary US durable goods numbers cross later today, with speeches from ECB's Lane and Panetta also due.
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.