MNI BRIEF: UK Inflation At Slowest Pace In 30 Months - ONS

MNI: PBOC Conducts CNY3 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC INJECTS CNY3 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI China Press Digest March 20: M&A, Consumer Rights, FDI

MNI BRIEF: China’s March Loan Prime Rate Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0968 Weds; -4.25% Y/Y

Little change for BOE expectations: CPI only saw very minor surprise

Looking at the drivers of the change in UK CPI

Services inflation in line with BOE forecast; headline a tenth lower

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

Westpac Look For AUD/USD to End March At $0.78

AUD

{AU} AUD: Westpac note that the "Aussie slipped about 2 cents vs. USD into early February as commodity prices faltered and equity volatility rose. But it has recovered be close to its strongest levels since March 2018. The equity surge following the U.S. elections, optimism over Covid-19 vaccines, and elevated iron ore prices have all played a role. Since the USD typically underperforms in global economic upswings, dips in AUD/USD should be shallow. However, there are some brakes on further gains near term, including upward pressure on U.S. Treasury yields following the Democrats' recapturing of Senate control, the RBA's haste to announce another A$100bn QE program, ongoing pain for Australia's tourism and education exports, and tensions with China which will hurt both investment and exports. Our end-March forecast for AUD/USD is $0.78."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.