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

Aussie Slips On Lingering Defensive Feel

AUD

Defensive flows related to the escalation in Ukraine's clashes with pro-Russian rebels in the Donbas and the West's continued scepticism toward Russian claims of partial troop withdrawal sapped strength from AUD/USD on Thursday. Lingering risk aversion continues to undermine the Aussie dollar, with AUD/USD last seen at $0.7178, 9 pips lower on the day.

  • Note that in the U.S./Asia crossover the Times reported that the UK is now "convinced" that Russian President Putin "has made up his mind to invade Ukraine," which may be amplifying the pre-existing risk-off feel.
  • From a technical perspective, losses past Feb 14 low of $0.7086 would shift focus to $0.7052, which limited losses on $0.7052. On the flip side, a rebound above Feb 10 high of $0.7249 would bring Jan 20 high of $0.7277 into play.
  • Flash IHS Markit PMIs (Monday), completed construction work & wage prices (Wednesday) as well as private capex (Thursday) will take focus on the data front next week. In the meantime, RBA Gov Lowe will speak during the G20 summit tomorrow.
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.