Free Trial

AUD: AUDNZD drifts towards 1.1000

AUD
  • Although there's hardly any moves in AUD and NZD against the Dollar, after the Greenback has pared some of its earlier hard sell off, the AUDNZD is now pushing back towards the 1.1000 figure.
  • This is not a level, since AUDNZD managed a 1.0993 low on Wednesday, and Market participants will be more focused on the 1.0965 level initially.
58 words

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.
  • Although there's hardly any moves in AUD and NZD against the Dollar, after the Greenback has pared some of its earlier hard sell off, the AUDNZD is now pushing back towards the 1.1000 figure.
  • This is not a level, since AUDNZD managed a 1.0993 low on Wednesday, and Market participants will be more focused on the 1.0965 level initially.