MNI Test 3, Please Ignore

MNI BRIEF: China Limits, Tightens IPO To Boost Listing Quality

MNI BRIEF: China February New Loans, TSF Pull Back Sharply

MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged

MNI JAPAN JAN CORE MACHINE ORDERS -1.7% M/M; DEC +1.9%

MNI: BAKER HUGHES US RIG COUNT 629; OIL RIGS 510; GAS RIGS 116

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

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

Round Trip

AUSSIE

AUD/USD round tripped from its intraday high of $0.7345 on Wednesday, driven by broader cross-currents. A continued rally in the yuan dragged the rate higher, before it turned its tail as Fed Chair Powell described the settings of the Fed's QE programme as appropriate. The rate finished the day just a handful of pips above neutral levels.

  • The rate sits -3 pips at $0.7303 as we type. Topside focus falls on Wednesday's high of $0.7345 and a break here would draw attention to the 76.4% retracement of the Sep 1 - 9 sell-off at $0.7414. On the flip side, bears need a fall through Sep 10 low of $0.7248 to expose a key near-term support at $0.7192, the low of Sep 9.
  • All eyes are on Australia's labour market report today.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.