MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

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

Caution

AUD

AUD/USD went offered on Monday, undermined by the erosion in broader risk sentiment. The proximity of monetary policy decisions from around 20 central banks inspired a degree of caution, while participants continued to assess the Omicron situation.

  • The rate trades flat at $0.7131. A sell-off past Dec 7 low of $0.7040 would bring Dec 3 low/Nov 2, 2020 low of $0.6993/91 into view. Bulls need a clearance of Dec 9 high of $0.7187 before targeting former channel base at $0.7304.
  • Australia's ANZ Roy Morgan Weekly Consumer Confidence edged higher to 108.0 from 107.5 previously.
  • NAB Business Confidence headlines the Australian docket today. Looking further afield, Westpac Consumer Confidence comes out Wednesday, while consumer inflation expectation, jobs market report and comments from RBA's Lowe & Kerns are due Thursday.
  • Note that the Mid-Year Economic and Fiscal Update will be delivered on Thursday and is expected to show improvement in the budget, giving the government room to cut personal taxes ahead of next year's federal election. PM Morrison vowed on Monday to pursue "lower taxes, less regulation and sound public financial management."
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.