BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

UK GfK Highest Since Nov-21

MNI: UK JUN GFK CONSUMER CONFIDENCE INDEX -14

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Bounces Back From 64c, Holding Gains In Early APAC Trade

AUD

Apart from SEK Aussie was the best G10 performer versus the greenback with AUDUSD up 0.4% to 0.6431. That does hide some volatility as the pair approached 0.6400 during the European session with a low of 0.6402 before bouncing back. The USD index was down slightly.

  • Trend conditions remain bearish for AUDUSD and the bear trigger and initial resistance is at 0.6365. A break of this would open 0.6285, 4 November 2022 low. A clearance of 0.6499, 20-day EMA would suggest scope for a stronger correction.
  • Aussie is up 0.4% versus the yen at 94.18. AUDNZD is 0.4% higher at 1.0883. AUDEUR is up 0.2% to 0.5940 after a low of 0.5922. AUDGBP broke above 0.5100 on Monday with an intraday high of 0.5110 and is currently +0.2% to 0.5101.
  • Equity markets were stronger with the S&P up 0.6% and the Euro stoxx +1.4%. VIX is down to 15.1%. Oil prices range traded and WTI closed just under $80/bbl. Copper is flat and iron ore is slightly lower at around $113/t.
  • There is no data today but RBA Deputy Governor Bullock speaks at 1740 AEST on “Climate change and central banks”.
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.