MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 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.