FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Options Opting for AUD Upside Protection

AUD
  • No surprise to see subdued currency options volumes given the US market holiday, but AUD trading is holding up slightly better ahead of Tuesday's rate decision.
  • Solid demand for 0.7600 call options Monday has tilted the put/call ratio in favour of upside protection, which corroborates with the improvement in front-end risk reversals contracts across AUD/USD - including when capturing tomorrow's rate decision. Vols more broadly have inched higher, with 1m implied today rising to the best level in just over a week.
  • Market pricing is slightly more even-handed, with implied odds of a 0.5% move higher/lower for AUD/USD by the end of the week at 62.6%/61.5%.
  • Focus of Tuesday's meeting falls on the Bank's yet to be implemented taper, which, if it is upheld, will go into play in the coming days.
  • Full MNI Preview here: https://roar-assets-auto.rbl.ms/documents/11769/RBA%20Preview%20-%20September%202021.pdf
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign 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.