MNI China Daily Summary: Tuesday, January 7

MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

MNI China Daily Summary: Monday, January 6

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.6%

MNI: FRANCE DEC HICP +0.2% M/M, +1.8% Y/Y

MNI: SWISS DEC CPI -0.1% M/M, +0.6% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUD: AUDUSD Range Traded Friday But A$ Continues Underperforming

AUD
BulletAPACForeign Exchange BulletsAustraliaMarkets

AUDUSD traded in a narrow range on Friday finishing up 0.2% to 0.6216 to underperform most of the G10 as concerns over China’s economy persisted. It reached a high of 0.6225 before falling to 0.6198 but the move below 62c didn’t last long. It is currently slightly higher at 0.6219. The USD index fell 0.1% driven by stronger US equities.

  • The bearish trend in AUDUSD continues with moving average studies still in a bear-mode position. Initial support is at 0.6179, December 31 low, while resistance is at 0.6247, December 30 high.
  • Aussie was weaker against Kiwi with the pair falling 0.1% to 1.1074, the intraday low, and has started today lower at 1.1069. It rose briefly above 1.11 in European trading.
  • AUDJPY is 0.1% higher at 97.80 but range traded across Friday. AUDEUR fell 0.2% to 0.6031 and AUDGBP -0.1% to 0.5005 after a fleeting dip below 0.5000.
  • Equities were mixed with the S&P up 1.3% but Euro stoxx down 0.4%. Oil prices were higher though with Brent up 1% to $76.51/bbl. Copper rose 1.3% and iron ore is around $99/t.
  • Today final December S&P Global composite/services PMIs print with the highlights of the week November CPI on Wednesday and retail sales on Thursday.
200 words

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.

AUDUSD traded in a narrow range on Friday finishing up 0.2% to 0.6216 to underperform most of the G10 as concerns over China’s economy persisted. It reached a high of 0.6225 before falling to 0.6198 but the move below 62c didn’t last long. It is currently slightly higher at 0.6219. The USD index fell 0.1% driven by stronger US equities.

  • The bearish trend in AUDUSD continues with moving average studies still in a bear-mode position. Initial support is at 0.6179, December 31 low, while resistance is at 0.6247, December 30 high.
  • Aussie was weaker against Kiwi with the pair falling 0.1% to 1.1074, the intraday low, and has started today lower at 1.1069. It rose briefly above 1.11 in European trading.
  • AUDJPY is 0.1% higher at 97.80 but range traded across Friday. AUDEUR fell 0.2% to 0.6031 and AUDGBP -0.1% to 0.5005 after a fleeting dip below 0.5000.
  • Equities were mixed with the S&P up 1.3% but Euro stoxx down 0.4%. Oil prices were higher though with Brent up 1% to $76.51/bbl. Copper rose 1.3% and iron ore is around $99/t.
  • Today final December S&P Global composite/services PMIs print with the highlights of the week November CPI on Wednesday and retail sales on Thursday.