MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

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

MNI: US NOV IMPORT PRICES +0.1%

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

Struggling To Make Gains

AUD

AUD/USD charted a Doji candlestick Monday, as the rate failed to cling onto its initial gains. Although it printed a fresh two-week high in early trade, the initial rally proved unsustainable. Hawkish comments from Fed Chair Powell added pressure to the pair.

  • When this is being typed, AUD/USD trades at $0.7394, down 6 pips on the day. Bears keep an eye on $0.7165, which limited loses on Mar 15. Bulls look to a rally above Mar 7 high of $0.7441, followed by Nov 2, 2021 high of $0.7532.
  • ANZ Roy Morgan Weekly Consumer Confidence Index plunged to 91.2 in the week through Mar 20, the lowest level since September 2020, as rising petrol prices fuelled inflation expectations.
  • On the data front, focus moves to preliminary S&P Global PMI figures, due for release this Thursday. In the meantime, RBA Gov Lowe will deliver a speech later today.
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.