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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.
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Free AccessA$ Range Trading Ahead Of Tuesday’s RBA Decision
Aussie has generally been range trading pressured by lacklustre local equities, but has strengthened against the yen driven by expectations of a muted BoJ tightening cycle. AUDUSD is little changed at 0.6564, but off the intraday low of 0.6554. The USD index is slightly higher.
- AUDJPY is up 0.2% to 97.95, close to the intraday high. AUDNZD is steady at 1.0780. AUDEUR is moderately higher at around 0.6029 and AUDGBP at 0.5155.
- Equities are mixed with the ASX flat, Hang Seng up 0.1% and CSI 300 +0.2%. The S&P e-mini is 0.1% higher. Oil prices are up slightly with WTI +0.3% to $81.28/bbl. Copper is flat and iron ore is up to around $102/t.
- The key data release later is euro area February CPI but there are also US NY Fed services and NAHB housing. The ECB’s Buch speaks. Tomorrow the focus in Australia will be the RBA decision and press conference.
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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.