MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

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

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

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

AUDUSD Moderately Higher, Above 50-day MA

AUD

Aussie has been trading in a narrow range with no new local information during the APAC session with it reaching a low of 0.6670 followed by a high of 0.6691. It is currently around 0.6690, above the 50-day moving average. The USD index is 0.2% lower.

  • AUDJPY is flat at about 95.98 after reaching a low of 95.60 following comments from the MoF on intervention and the BoJ summary of opinions. AUDNZD is down 0.3% to 1.0843, as rate differentials widen. Aussie is flat versus the euro and pound at 0.6134 and 0.5254 respectively.
  • Equity markets are generally weaker with the ASX down 0.4% and the CSI 300-1.5% but the Nikkei up 0.2%. The S&P e-mini is 0.2% higher. Brent is up 0.3% to $74.10, but off the intraday high of $74.80. Copper is 0.7% higher but iron ore is down to around $107.50/t.
  • Later there is the German IFO survey for June and the US Dallas Fed June manufacturing index. ECB President Lagarde will give opening remarks at the ECB Forum.
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.