MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

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

Australia Closed For Holiday, Strong CPI In Rearview Mirror

AUD

Choppy price action from AUD/USD on Tuesday, as a strong Australian CPI report was weighed against Russia geopolitical risk, while pre-FOMC positioning generated further volatility. The rate struggled to hold onto post-CPI gains, as risk aversion took hold. Nonetheless, it recovered from worst levels in NY hours, finishing above neutral levels.

  • The SMH reported that Australia considers imposing sanctions against Russia if it invades Ukraine. In this morning's interview with ABC, Russia's ambassador to Australia insisted that Moscow is not intending to strike and its troops amassed on the Ukrainian border are a "warning."
  • It is Australia Day and daytime trading on local markets is closed.
  • Quarterly terms of trade and PPI will hit the wires on Thursday and Friday respectively.
  • AUD/USD trades at $0.7155, a touch higher on the day. A clearance of Jan 20 high of $0.7277 would turn focus to Jan 13 high of $0.7314. Conversely, a slide through Jan 24/Dec 20 lows of $0.7091/82 would bring the 76.4% retracement of the Dec 3 - Jan 13 upleg at $0.7069 into play.
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.