Free Trial

Cheaper On Friday, CPI In Focus


Highlights This Week – RBA Lowe Appearances, Jobs Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AUD/USD slid to the session low of $0.6779...>

AUSSIE: AUD/USD slid to the session low of $0.6779 before entirely recouping
those losses, as conflicting signals rolled in. The initial sell-off was
inspired by the decision of Citi and NAB to bring their respective RBA easing
calls forward and join the cohort of desks expecting a 25bps cut to the cash
rate in October. A helping hand came from offshore with a lift in Chinese yuan,
inspired by a stronger than exp. PBoC fix and the announcement of a Hong Kong
auction of central bank bills. A weaker USD also helped recovery.
- The rate sits at $0.6797, now a touch higher on the day. Bulls look for
further recovery through the $0.6800 figure towards $0.6831/32, which represents
yesterday's high/38.2 % fibo retracement of the Jul 19 - Aug 7 slide. A close
above is needed to improve the outlook. Bearish focus remains on the 61.8%
retracement of its Sep 3-Sep 12 rally, situated at $0.6767.
- Worth keeping an eye on the news wires as deputy-level envoys from the U.S.
and China meet over the negotiating table. Aussie data highlights next week are
flash CBA survey from CBA (Monday), skilled vacancies (Wednesday) and job
vacancies (Thursday). Tuesday will see RBA Governor Lowe deliver a speech.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.