MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: GERMANY NOV CPI +2.2% Y/Y

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

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Aussie Outperforms, Tuesday’s Focus On RBA

AUD

After several sessions of underperforming, the Aussie outperformed the G10 on Monday and is currently trading around 0.6631. It reached an intraday high of 0.6668 before giving back much of the gains following the higher-than-expected US manufacturing ISM. The USD index finished 0.5% higher.

  • AUDJPY has risen 1.1% to break through 91.00 and is currently around 91.16. Aussie is up 0.5% versus the kiwi to 1.0749. AUDEUR is 0.6% higher to 0.6402 and AUDGBP +0.8% to 0.5308.
  • Most equity markets were closed on Monday but the S&P was flat following a deal for JP Morgan to take over the troubled First Republic. WTI oil prices fell 1.3% and are now trading around $75.70/bbl. Copper was up 1.2%.
  • The main event today is the RBA meeting. It is generally expected to leave rates at 3.6% but some are expecting a hike and there are arguments for both pausing and increasing rates further. See the MNI RBA Preview – May 2023 here. Governor Lowe will speak at the RBA Board Dinner in Perth today at 2120 AEST. It can be listened to live at this link.
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.