MNI BRIEF: Mandate No Cure For Discount Window Stigma-NY Fed

MNI BRIEF: US April Core PCE YoY Rate Lowest In 3 Years

CANADA Q1 GDP ANNUALIZED +1.7% VS EXPECTED +2.4%

MNI BRIEF: China Utility Prices Should Be Reasonable

MNI: PBOC Net Injects CNY98 Bln Via OMO Fri; Rate Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1088 Fri; -2.14% Y/Y

Consumption Contributes Positively To In Line Q/Q GDP Print

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

AUD/USD a touch lower, at $0.6819. The.......>

AUSSIE
AUSSIE: AUD/USD a touch lower, at $0.6819. The local docket is empty today.
- APRA proposed loosening capital requirements for a first home buyers scheme.
Elsewhere, Aussie Tsy warned its chief Frydenberg against the imminent damage to
bank profit margins from ultra-low RBA rates, while floating the idea of the RBA
offering cheap loans to banks to stimulate the econ, per an AFR report.
- Bulls look for a break above $0.6830-33, which host the 38.2% retracement of
the Jul - Aug slide, the 23.6% retracement of the Oct rally, as well as well as
several daily highs. Above opens the 100-DMA, which kicks in at $0.6851. A fall
under the 38.2% retracement of the Oct rally/psychological barrier at $0.6802/00
would play into the hands of bears.
- To recap, the rate closed only marginally higher Friday, which wasn't enough
to offset its weekly losses. Friday's uptick was driven by a firmer risk
sentiment, fuelled by positive signals re: U.S.-China trade relations.
- Looking into the Australian calendar, highlights include a speech from RBA Gov
Lowe (Tuesday), CPI (Wednesday), building approvals (Thursday), as well as AiG &
CBA m'fing PMIs (Friday).
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets

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.