THB: USD/THB Eyeing 33.00 Upside Test, New BoT Governor Speaks Today
Oct-10 01:37
USD/THB tested above 32.80 in the first part of Friday trade, fresh highs since early Aug (per BBG)....
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MNI: CHINA AUG CPI -0.4% Y/Y VS MEDIAN -0.2%; JUL +0.0%: NBS
Sep-10 01:33
- CHINA AUG CPI -0.4% Y/Y VS MEDIAN -0.2%; JUL +0.0%: NBS
- CHINA AUG CPI +0.0% M/M VS +0.4% M/M JUL
- CHINA AUG FOOD PRICES -4.3% Y/Y VS -1.6% Y/Y JUL
- CHINA AUG NON-FOOD PRICES +0.5% Y/Y VS +0.3% Y/Y JUL
- CHINA AUG PPI -2.9% Y/Y VS MEDIAN -2.9%; JUL -3.6%: NBS
- CHINA AUG PPI +0.0% M/M VS -0.2% M/M JUL
FOREX: AUD Crosses - Slightly Higher Within Ranges
Sep-10 01:28
US Equities drifted back towards all-time highs as it shrugged off another poor labour input and kept its focus on upcoming rate cuts, ignoring the concerns for growth. This morning US futures have opened slightly higher, E-minis +0.15%, NQU5 +0.05%. The AUD outperformance in the crosses quietly extends albeit within ranges.
- EUR/AUD - Overnight range 1.7761 - 1.7822, Asia is currently trading around 1.7760. The pair has broken through its first support around the 1.7800 area, below there the focus turns to the next support around 1.7600. The wider range remains 1.7600-1.8150.
- GBP/AUD - Overnight range 2.0507 - 2.0551, Asia is trading around 2.0535. The pair continues to find demand towards 2.0500, expect sellers towards 2.0700 initially. The wider range of 2.0400-2.1000 continues to contain.
- AUD/JPY - Overnight range 96.82 - 97.32, Asia is trading around 97.10. The pair topped out towards 97.50 but has consolidated its recent gains. A sustained break above 97.50/98.00 is needed to reignite the upward trend.
- AUD/NZD - Overnight range 1.1098 - 1.1116, the cross is dealing in Asia around 1.1115. The Cross is consolidating around 1.1100, dips back towards 1.1000/1.1050 should be supported now.
Fig 1: EUR/AUD spot 2H Chart
Source: MNI - Market News/Bloomberg Finance L.P
CHINA: Central Bank Injects CNY74.9bn via OMO
Sep-10 01:24
- The PBOC issued CNY304bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY229.1bn.
- Net liquidity injects CNY74.9bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.40%, from prior close of 1.47%.
- The China overnight interbank repo rate is at 1.41%, from the prior close of 1.30%.
- The China 7-day interbank repo rate is at 1.50%, from the prior close of 1.45%.
