MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Tests 0.6530, Focus On Upcoming CPI Data

AUD

Softer commodity prices, particularly iron ore, weighed on the Aussie on Tuesday with AUDUSD down 0.1% to 0.6534 after reaching a high of 0.6559 in the European morning. The USD index rose 0.1%.

  • Technicals continue to point to a softer tone for AUDUSD. Initial support is at 0.6504 with the bear trigger at 0.6443. Initial resistance is at 0.6567.
  • AUDNZD fell 0.1% to 1.0880 as kiwi was the best performer in the G10. AUDJPY is down slightly to 98.97. Aussie was moderately lower versus the euro and pound at 0.6033 and 0.5175.
  • Equities were mixed with the S&P down 0.3% but the Euro stoxx rose 0.4%. Oil prices fell with Brent down 1% to $85.92/bbl. Copper is 0.2% lower and iron ore has fallen around $4 to $104/t.
  • Today February CPI is released and expected to rise slightly to 3.5% y/y but forecasts range from 3.3% to 3.8%. The Westpac leading index for February also prints.
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.