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

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

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

Narrow Ranges In Early Trade, Aussie CPI Due

FOREX

There has been narrow ranges across G-10 FX in early dealing on Wednesday. THe US Tsy curve has marginally steepened and US Equity Futures have pared early losses. Oil is little changed thus far.

  • AUD is marginally outperforming in the G-10 space, AUD/USD is up ~0.1%. Despite yesterday's outperformance the trend in AUD/USD remains bearish, support comes in at $0.6286, low from Oct 3 and bear trigger. Resistance is at $0.6393, high from Oct 18.
  • Kiwi is a touch firmer however ranges have been narrow and the early uptick has not yet followed through.
  • Yen is little changed and sits beneath the ¥150 handle. Technically bulls remain in the driver's seat, resistance is at ¥150.16, high from Oct 3 and bull trigger. Support comes in at ¥149.21, 20-Day EMA.
  • Elsewhere in G-10 there hasn't been much in the way of moves, EUR and GBP are a touch firmer.
  • A reminder that Q3 CPI from Australia crosses at the bottom of the hour.
Energy BulletsCommodities
Energy BulletsCommodities

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.