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

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

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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/USD Dips 0.50% On Risk Off

AUD

After printing fresh highs of 0.6779, AUD/USD slumped back to 0.6724 by late NY trade on Wednesday. We track near 0.6730/35 in the first part of Thursday dealing, having fallen 0.45% for Wednesday's session.

  • Like the NZD, AUD/USD still remains some distance above support points. The Dec 14 low was 0.6655, while the 20-day EMA sits at 0.6617.
  • The VIX spiked back to 13.7% as US equity sentiment faltered. The SXP falling the most (-1.47%) since September. There didn't appear a macro catalyst for the equity weakness, but it spill over into broader FX and FI moves.
  • AUD/JPY fell just over 0.60%, to be back at 96.65/70, unwinding part of the +2% rally seen in the first part of the week.
  • Commodity indices were down, the Bloomberg aggregate index off 0.45%, although metals only fell 0.11%. Iron ore rose though and is back above $134/ton.
  • On the data front, we just have Nov private sector credit figures due tomorrow to round out the year.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.