CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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 Range Trading But Bull Cycle Remains

AUD

Aussie underperformed the G10 on Wednesday with AUDUSD range trading to finish flat at 0.6744 after rising to high of 0.6761. The pair is currently around 0.6746. The USD index was also unchanged despite a 818k downward revision to payrolls and the FOMC July minutes signalling that it is looking at a September cut. Stronger equities and iron ore failed to support Aussie.

  • AUDUSD remains in a bull cycle and is now approaching initial resistance at 0.6764 which would then open up key resistance at 0.6799. Initial support is at 0.6625, 50-day EMA.
  • AUDJPY is down 0.1% to 97.89, close to the low of 97.64. AUDNZD fell 0.1% to 1.0950 after falling to 1.0941. AUDGBP is 0.4% lower at 0.5154 and AUDEUR -0.2% to 0.6048.
  • Equities rallied with the S&P up 0.4% and Euro stoxx +0.6%. Oil prices fell further with Brent down 1.5% to $76.05/bbl. Copper rose 1% and iron ore is around $98/t.
  • Today the preliminary August Judo Bank PMIs print.
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.