MNI BRIEF: Mann Re-appointed To BOE MPC, Term To End Aug 2027

MNI China Daily Summary: Monday, March 18

MNI INTERVIEW2: US Regulators Need More Oversight-IMF’s Adrian

MNI: PBOC Conducts CNY10 Bln OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0943 Mon; -4.10% Y/Y

CHINA PBOC INJECTS CNY10 BILLION VIA 7-DAY REVERSE REPOS MON

Bond Supply Calendar: EU, IT Syndications; UK, Finland Due Tue

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

MNI: US NAHB HOUSING MARKET INDEX 51 IN MAR

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

Outlook Remains Bearish

AUD

Further losses for AUD/USD on Thursday as the greenback continues to firm, the pair fell from intraday highs of 0.7508 to hit lows of 0.7460 which denoted the lowest level for seven-months. Last trading down 4 pips at 0.7467.

  • On the coronavirus front Australian PM Morrison will reported use today's cabinet meeting to discuss setting vaccination targets which, once reached, would mean lockdowns and travel restrictions would no longer be required.
  • From a technical perspective the outlook remains bearish following the move lower between Jun 11 - 21 that resulted in a break of key support at 0.7532 Apr 1 low. Price is also back below the 200-dma. The move through 0.7532 confirmed a resumption of the reversal that occurred Feb 25 and signals scope for a deeper pullback towards 0.7462 next, the Dec 21, 2020 low. Initial firm resistance is at 0.7617, the Jun 25 high.
  • Housing finance data headlines the local docket today, figures due at 0230BST/1130AEST.
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.