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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 AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
Aud/Usd: Asia open $0.7713, range....>
AUSSIE SUMMARY: Aud/Usd: Asia open $0.7713, range $0.7682-0.7716. Europe open
$0.7686, range $0.7670-86.
* Aud/Usd touched an extended high of $0.7730 in NY Thursday, closed around
$0.7718.
* Aud had been boosted Thursday on back of strong Trade data but this was
countered by today's release of weak Retail Sales.
* Aud had held a narrow $0.7709-16 range ahead of data, dropped from $0.7714 to
$0.7684 on reaction.
* Recoveries held to $0.7694, before fresh supply pressed rate to a fresh low of
$0.7682.
* Usd demand into Europe acted to press rate to an extended low of $0.7670, the
rate held heavy ahead of NY.
* Attention on today's release of US NFP/AHE data. Market medians 312k/0.2%mm.
* Traders said to be watching tonight's close with the 200-dma close by at
$0.7698.
To read the full story
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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.