MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on 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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Core CPI Beat Underpins Aussie Dollar

AUD

Upbeat core CPI put a fresh bid into the AUD, which has cemented its status as the best G10 performer. Headline figure fell virtually in line with expectations but the trimmed mean print jumped to +2.1% Y/Y from +1.6% prior, putting the RBA's preferred underlying measure back above the lower boundary of its 2-3% target band for the first time since Q415.

  • AUD/USD trades +33 pips at $0.7534 after topping out at $0.7536. The rate has pierced yesterday's high, familiar key technical levels remain in play.
  • AUD/NZD has added 46 pips and sits at NZ$1.0518 at typing. Bulls need a breach of NZ$1.0612, which limited gains on Oct 12 & 13, to gain some fresh momentum. Conversely, a dip through the 50-DMA/Oct 22 low at NZ$1.0430/17 would please bears.
    • AU/NZ 2-Year swap spread has moved away from recent cycle lows and last stands at around -133bp.
  • AUD/JPY changes hands +38 pips at Y86.00, with bulls setting their sights on the recent cycle high of Y86.26. Meanwhile, bears look for a pullback under Oct 22 low of Y84.61.
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.