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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 $0.7932, range....>
AUSSIE SUMMARY: Aud/Usd: Asia open $0.7932, range $0.7914-50. Europe open
$0.7936, $0.7932-54.
* Aussie opened Asia toward upper side of Friday's $0.7885-0.7954 range, where
broad-based US dollar weakness was the theme.
* Aussie came under early selling pressure in Asia, rate dropped from $0.7940 to
$0.7914
* Intraday specs established shorts on weekend news that N. Korea had fired a
number of short range missiles.
* Short-covering, and demand in Aud/Jpy then lifted Aud/Usd from $0.7920 to
$0.7950
* For the balance of the session Aud/Usd consolidated between $0.7933 to
$0.7946.
* Key-resistance $0.7967 (61.8% $0.8066-$0.7808). Stops parked above $0.7970.
Hourly support $0.7914.
* Aud/Usd touched a low of $0.7932 opening Europe then stepped to a fresh high
of $0.7954.
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.