MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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

AUDUSD Moving Sideways Ahead Of Tuesday’s RBA Meeting

AUD

AUDUSD has been trading sideways during the APAC session today. It is currently around 0.6615 after a high of 0.6623. The USD index is 0.2% higher.

  • Aussie is up against most of the major crosses with AUDNZD +0.2% to 1.0712. AUDJPY is 0.4% higher at 90.50. AUDEUR is up 0.1% to 0.6012 while AUDGBP is flat at around 0.5266.
  • The MI inflation gauge for April rose to 6.1% y/y from 5.7%.
  • Most markets are closed in Asia today but the Nikkei is up 0.7% and the ASX +0.5% but NZX is down 0.2%. The S&P e-minis are close to flat. Oil prices are lower after rallying on Friday ahead of the expected Fed hike on Wednesday and following the disappointing China manufacturing PMI which fell below 50. WTI is down 0.7% to $76.14/bbl. Copper is down 0.3%.
  • Europe and the UK will also be shut today. Later there are the US manufacturing ISM and PMI for April and construction data. The focus for the AUD is Tuesday’s RBA meeting, where rates are generally expected to be unchanged at 3.6%.
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.