$A slightly up on global data

The Australian dollar is slightly higher, driven by US and Chinese data.

At 1200 AEDT on Monday, the currency was trading at 105.45 US cents, just up from 105.44 cents on Friday afternoon.

IG Markets market strategist Stan Shamu said global data and events were the main influences on the Australian dollar at the moment.

"We saw a big move on the back of that HSBC manufacturing data, but that didn't last too long, as the Aussie dollar pulled back on European trade," he said.

"Then we received a weak US CPI (consumer price index) number, which was bad for the US currency - that gave risk assets a bit of a kick up."

HSBC's Flash PMI rose to 50.9 in December, from 50.5 in November, showing improved expansion in Chinese manufacturing activity.

US CPI fell to an annual rate of 3.7 per cent in November - the lowest it's been since 2008.

The Aussie currency had moved little on Monday morning, Mr Shamu said.

"With a lack of fresh drivers for risk, we probably won't see a move until we see some clarity on this fiscal cliff situation," he said.

"The latest development is that House speaker John Boehner has offered to hike taxes on households earning over a million dollars a year, in exchange for cutting on some entitlements in the US."

US leaders are under pressure to resolve the cliff - a series of tax rises and spending cuts due to begin in 2013.

Meanwhile, Australian bond futures prices were virtually unmoved at noon.

At 1200 AEDT on Monday, the December 10-year bond futures contract was at 96.690 (implying a yield of 3.310 per cent), unchanged from Friday's close.

The December three-year bond futures contract was trading at 97.190 (2.810 per cent), just up from 97.185 (2.815 per cent).

Both of these contracts expired at noon, and were replaced with the March (2013) 10-year bond futures contract, which was trading at 96.655 (implying a yield of 3.345 per cent), up from 96.645 (3.355 per cent) on Friday, and the March three-year bond futures contract, which was trading at 97.215 (implying a yield of 2.785 per cent), up from 97.200 (2.800 per cent).

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9327-0.0005-0.05%
    AUDUSD=X
    0.5555-0.0003-0.05%
    AUDGBP=X
    0.6753-0.0003-0.05%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg