Free Trial

AUDUSD Tests But Doesn’t Break 66c, Down Against Crosses

AUD

The USD index is down marginally and broke through Friday’s lows as UST yields came off session highs. This may have boosted AUDUSD with the pair rising to 0.6595. It is currently around 0.6585. It reached a low early in the session of 0.6575.

  • Aussie is down against the yen and kiwi with AUDJPY -0.2% to 98.22 and AUDNZD -0.2% to 1.0825. AUDEUR is flat at 0.6018, off the intraday low of 0.6008, but AUDGBP is +0.1% to 0.5226.
  • Equity markets across APAC are mixed with the KOSPI +0.5% but Nikkei -0.1%, ASX -0.2% and CSI 300 -0.8%. The S&P e-mini is down 0.2%. Oil prices are 0.4% lower with WTI around $75.270/bbl. Copper is down 0.1% and iron ore is $132-133/t.
  • Later US new home sales and Dallas Fed index are released. ECB President Lagarde makes introductory comments at the European Parliament. Tomorrow RBA’s Bullock participates in a panel and October retail sales are released.

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.