MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Services Drive Downside Surprise in CPI-ATE

MNI: NORWAY JUN CORE CPI +0.2% M/M, +3.4% Y/Y

MNI: NORWAY JUN CPI +0.2% M/M, +2.6% Y/Y

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

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

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

CNH: Aussie Clings To Iron Ore's Coattails

AUD

AUD/CNH has added 125 pips as firmer iron ore (futures on SGX reached all-time highs) has inspired broad-based demand for the Aussie. The rate last sits at CNH5.0402 and is close to erasing last week's losses/breaking above the mid-point of its YtD range.

  • Bulls look to attack the monthly high of CNH5.0724 printed on Apr 20, before shifting focus to Mar 18 peak at CNH5.0945. Meanwhile, bears need trendline support drawn off Nov 2 low & intersecting at 5.0058 to give way, before taking aim at the nearby 100-DMA at CNH4.9969.
  • Headline flow has been limited thus far, while a market holiday in New Zealand's has sapped liquidity in the Antipodes.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.