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MNI BRIEF: U.S. China Top Concern For FDI -MOFCOM

MNI China Daily Summary: Thursday, August 31

Rpt-MNI INTERVIEW: Fed Probably Needs Bit More Tightening-Aikman

MNI: EUROZONE JUL UNEMPLOYMENT RATE 6.4%

MNI: ITALY AUG FLASH HICP +0.2% M/M, +5.5% Y/Y

MNI: EUROZONE AUG FLASH HICP +5.3% Y/Y

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

AUD/USD last $0.7204, 15 pips higher on......>

AUSSIE
AUSSIE: AUD/USD last $0.7204, 15 pips higher on the day, with the rate supported
by broader USD weakness and the MOFCOM statement which noted that U.S. Tsy Sec,
U.S. Trade Rep & China's VP "exchanged views on pushing forward timetable & the
roadmap for next stage of trade talks" as they spoke by phone. WSJ wrote that
"the three senior officials discussed Chinese purchases of agricultural products
and changes to fundamental Chinese economic policies during the phone call, said
people familiar with the conversation. They didn't provide further details." 
- Initial resistance noted at yesterday's high/100-DMA at $0.7227/33, followed
by the Dec 6 high at $0.7274. Conversely, initial support is located at the
lower Bollinger band (2%)/yesterday's low at $0.7174/72 and a break below would
open up $0.7164, where the rate bottomed on Nov 13. 
- AU docket for the remainder of the week is rather dry, with flash CBA PMIs due
Friday. Broader risk themes are likely to remain in the spotlight.
MarketsFixed Income NewsForeign Exchange News
MarketsFixed Income NewsForeign Exchange News

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