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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
AUD crosses knee-jerk spiked higher in the...>
AUSSIE: AUD crosses knee-jerk spiked higher in the wake of the RBA MonPol
decision. The Bank left its OCR unchanged, as expected, with little tweaks to
the language employed in the statement. The RBA said that it sees a gradual
pick-up in inflation, given the continued tightness in the labour mkt, and that
it also sees the unemployment rate continuing to decline.
- AUD/USD last trades at $0.7076, with bears looking to the Feb 21 low/cloud top
at $0.7070/69. Below opens the 1.0% 10-DMA envelope at $0.7051. Bulls initially
focus on $0.7097, which has capped gains thus far.
- AUD/NZD last seen at NZ$1.0405, 5 pips better off. Bulls continue to target
yesterday's peak/21-DMA at NZ$1.0435/41, while bears look for a breach of Feb 14
low at NZ$1.0369.
- AUD/JPY last deals at Y79.17, 7 pips lower on the day. Bears look for a fall
below the 21-DMA at Y78.85, ahead of the 50-DMA at Y78.38. Conversely, bulls
need to clear Y79.63/65, where the rate peaked on Monday/Friday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.