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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 AccessAUD/NZD Drops As Risk Markets Fall, Down 2% This Week
- The AUD/NZD tracked risk markets lower on Thursday, finishing the session down 0.59% at 1.0929 and is now testing the 100-day EMA. The AUD was the worst performing currency behind the GBP after the BOE cut rates.
- The cross now trades at monthly lows, a break below the 100-day EMA at 1.0927 opens a move to 1.0916 (June 16 lows) resistance is now 1.0982 (50-day EMA).
- AU OIS pricing has firmed with a cumulative 10bps of cuts into year-end, with almost 2 cuts now priced in for the Feb meeting.
- The AU-NZ 2yr swap spread gapped lower to -23.5bps on CPI data Wednesday, we have slowly ticked higher from there and trade at -15bps.
- Expiries: 1.1025 (A$545m) Aug 2nd NY Cut
- Today, PPI and Loan Values Data at 11:30 AEST
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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.