MNI BRIEF: Fed's Goolsbee Sees Jobs Risk From Tight Policy

MNI BRIEF: Investors Saw BOC Cutting to 3% By Q3 2025

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, MAY -29,000

MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 482; GAS RIGS 98

EZ/UK Bond Supply Calendar: BoE APF Operation on Monday

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

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

$ Off Intraday High, Iron Ore Holding At Elevated Levels

AUD

AUDUSD reached a high of 0.6766 ahead of January building approvals data but sank on the disappointing data to 0.6745. It is currently trading close to that at around 0.6748. The USD index is trading flat today.

  • Another disappointing data read has driven the Aussie off of its intraday highs against most currencies. AUDNZD is still up 0.1% on the day but is now trading around 1.0812. AUDJPY is down 0.1% to 91.98. Aussie is also down 0.1% versus the euro and pound at 0.6330 and 0.5615 respectively.
  • Equity markets are higher in APAC today despite the fall in the S&P on Wednesday. The ASX is up 0.2% and the Nikkei +0.1% but the S&P e-mins are down 0.2%. Oil prices are stable with WTI at $77.70/bbl. Copper prices are down 0.2% and iron ore is holding above $127/t.
  • Later today the focus is on the euro area with February CPI and the ECB minutes. The Fed’s Waller and Kashkari speak. Tomorrow Australian housing finance for January prints and is expected to decline 3% m/m.
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.