MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Resistance Still Evident Ahead Of 0.6760

AUD

AUD/USD has had range bound start to the week. We sit close to 0.6750 currently, after rough a 0.6740/0.6755 range in the first part of trading. Resistance still appears evident ahead of the 0.6760 region, which we couldn't breach late in NY trading on Friday. There don't appear to be any notable option expiries around this level for the week, while the simple 100-day MA sits higher near 0.6790.

  • Data on Apr NAB business conditions and confidence were close to Mar levels (0 for confidence, -1 prior, 14 for conditions, 16 prior). Mar building approvals came in weaker than expected -0.1% m/m versus +3.0% forecast. These releases haven't impacted A$ sentiment though.
  • The currency will likely take its cue from broader macro themes. US equity futures are off earlier highs (eminis last around 4147 -0.08%), which has likely helped curb AUD gains. Front end US yields are off earlier highs as well though. Commodities are slightly softer in aggregate, with both oil and iron ore weaker, copper slightly firmer.
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.