Free Trial

$0.7100 has pretty much capped AUD/USD.......>

AUSSIE
AUSSIE: $0.7100 has pretty much capped AUD/USD early this week, with a firmer
footing for risk assets adding a layer of support to the rate, after last week's
torrid performance.
- Rate last deals at $0.7090, unchanged on the day, after registering a fresh
YtD low ($0.7021) on Friday. Trendline support is noted at $0.7011, with
psychological interest at $0.7000. On the upside, the 21-DMA ($0.7105) presents
the first level of interest, followed by the October 17 high ($0.7160).
- The Aussie docket is packed this week. Q3 CPI, due Wednesday, headlines with
building approvals, trade data and retail also on the slate, in addition to an
address from RBA's Bullock.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.