MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

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

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

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

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

AUDUSD Back Below 65c Following Post-US CPI Rally

AUD

AUDUSD has fallen below 65c during the APAC session and is currently down 0.3% to 0.6489, after a recent low of 0.6483. It has been driven by moves in the greenback as Australian wages came in close to expectations (see MNI Inflation & Tight Labour Market Also Drove Higher Q3 Wages). The latest step down was after China left the 1-year MLF unchanged. The USD index is up slightly.

  • Aussie is down against the major crosses with AUDNZD 0.2% lower at 1.0808, close to the intraday low. AUDJPY is down 0.2% to 97.68. AUDEUR is -0.2% to 0.5969 and AUDGBP -0.2% to 0.5197, close to lows.
  • Equity markets are generally stronger following the rally on Wall Street with the ASX up 1.5%, Nikkei +2.0% and Hang Seng +2.5%. Oil prices are marginally higher with Brent at $82.58/bbl. Copper is down 0.3% but iron ore continues to strengthen and is $130-131/t.
  • Later the Fed’s Barr and Barkin speak plus there is US October retail sales and PPI data. There is also UK CPI/PPI and euro area IP. Tomorrow Australian October employment data and November consumer inflation expectations print.
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.