FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

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

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

Steady Trends For AUD & NZD Ahead Of AU CPI And RBNZ

FOREX

Early Wednesday Asia Pac FX trends are muted, ahead of key event risks. In around 15 mins we have the AU Jan CPI print, then 30mins later the RBNZ decision.

  • The BBDXY is a touch higher, last near 1241.8. US equity futures sit down a touch, while US Tsy futures are up a touch, but both markets aren't giving strong cross-asset signals for FX at this stage.
  • USD/JPY is steady, last near 150.50. Tuesday lows came just under 150.10.
  • AUD/USD is around 0.6545. The Jan CPI is expected to tick up to 3.6% y/y from 3.4%, but the first month of the quarter is limited in terms of price updates. The AUD/NZD cross is steady, last near 1.0610.
  • NZD/USD is unchanged, last near 0.6170. The RBNZ is expected to remain on hold later, but a couple of forecasters expect a 25bps hike. the outlook for the OCR and CPI's return to target will be eyed as well.
Energy BulletsCommodities
Energy BulletsCommodities

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.